2337 - Private passenger automobile physical damage insurance; statistics on use of anti-theft devices and the maximum discount for all anti-theft devices. - New York Statutes

§ 2337. Private passenger automobile physical damage insurance; statistics on use of anti-theft devices and the maximum discount for all anti-theft devices. (a) In accordance with procedures prescribed by the superintendent pursuant to the provisions of subsection (a) of section two thousand three hundred fifteen of this article, each insurer which offers physical damage insurance subject to the provisions of section three thousand four hundred eleven of this chapter shall maintain statistics of the fire, theft and comprehensive insurance experience of its insureds whose automobiles are and are not equipped with anti-theft devices. Such statistics shall include the name, type and manufacturer of such devices. The superintendent shall direct that insurers appropriately modify the premium attributable to fire, theft and comprehensive coverages for automobiles equipped with such devices, to reflect reduced exposure to loss. (b) The maximum discount on theft and comprehensive motor vehicle insurance coverage for all anti-theft devices provided for in this article shall be an appropriate discount based solely on sound actuarial practices and limited only by sound actuarial determinations.