2006 New York Code - Certain Motor Vehicle Insurance Rates; Prior Approval.



 
    § 2328. Certain motor vehicle insurance rates; prior approval. For the
  periods  February  first,  nineteen  hundred seventy-four through August
  second,  two   thousand   one,   and   the   effective   date   of   the
  property/casualty insurance availability act through June thirtieth, two
  thousand  six,  no changes in rates, rating plans, rating rules and rate
  manuals  applicable  to  motor  vehicle  insurance,  including  no-fault
  coverages  under  article  fifty-one  of  this  chapter,  shall  be made
  effective until approved  by  the  superintendent,  notwithstanding  any
  inconsistent provisions of this article; provided, however, that changes
  in  such  rates, rating plans, rating rules and rate manuals may be made
  effective without such approval if the  rates  which  result  from  such
  changes  are  no  higher  than  the insurer's rates last approved by the
  superintendent. This section  shall  apply  only  to  policies  covering
  losses  or  liabilities arising out of ownership of a motor vehicle used
  principally for the transportation of persons for hire, including a  bus
  or  a school bus as defined in sections one hundred four and one hundred
  forty-two of the vehicle and traffic law.

Disclaimer: These codes may not be the most recent version. New York may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.