New York Codes, Rules and Regulations
Title 11 - INSURANCE
Chapter III - Policy and Certificate Provisions
Subchapter B - Property and Casualty Insurance
Part 62 - FIRE INSURANCE
Subpart 62-4 - Anti-arson Application
Section 62-4.3 - Request for suspension or waiver of anti-arson application

Universal Citation: 11 NY Comp Codes Rules and Regs ยง 62-4.3

Current through Register Vol. 46, No. 39, September 25, 2024

(a) An insurer may apply to the superintendent, pursuant to section 3403 (h) of the Insurance Law, for a suspension or waiver of use of the anti-arson application upon policy renewal required by section 3403 (f) of the Insurance Law, if the insurer demonstrates that information substantially equivalent to the information contained in the anti-arson application can be obtained through other means.

(b) Any request for suspension or waiver shall list the specific sources used to elicit information contained in the anti-arson application. These sources may include, but are not limited to:

(1) the insurer's renewal questionnaire;

(2) information obtained from high-technology data banks used by credit reporting agencies, rating agencies, or other similar entities; and

(3) physical inspection by the insurer of the insured property.

(c) Each request for suspension or waiver shall specify how each item of information in the anti-arson application shall be obtained through other sources. It shall also specify the frequency with which the insurer shall obtain such information but in no instance shall the frequency of obtaining each item of information be less than once in every 12-month period.

(d) Any information obtained through sources other than the anti-arson application shall be maintained in the insured's underwriting file subject to examination by the superintendent.

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