New York Codes, Rules and Regulations
Title 11 - INSURANCE
Chapter III - Policy and Certificate Provisions
Subchapter B - Property and Casualty Insurance
Part 65 - Regulations Implementing The Comprehensive Motor Vehicle Insurance Reparations Act
Subpart 65-1 - Prescribed Policy Endorsements
Section 65-1.5 - Declarations page requirements for policies insuring a motor vehicle
Universal Citation: 11 NY Comp Codes Rules and Regs ยง 65-1.5
Current through Register Vol. 46, No. 39, September 25, 2024
(a) The declarations page of each policy must specify the dollar amount of basic economic loss coverage under the policy and, if the insured has purchased OBEL coverage, OBEL coverage shall be separately identified on the declarations page of the policy.
(b) If additional PIP coverage is purchased by the policyholder, the declarations page shall state:
(1) the basic economic loss limits
(mandatory PIP coverage and, if purchased, OBEL coverage);
(2) the maximum amount payable under
additional PIP coverage; and
(3)
the aggregate amount payable as PIP benefits, including the maximum amounts
payable as work loss benefits, other expenses and the death benefit.
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