New York Codes, Rules and Regulations
Title 11 - INSURANCE
Chapter V - Rates And Rating Organizations
Subchapter A - Automobile Statistical Plan
Part 145 - Implementation Of Private Passenger Automobile Insurance Statistical Data Monitoring System
Section 145.2 - Implementation
Current through Register Vol. 46, No. 39, September 25, 2024
(a) Each insurer and statistical agent shall monitor private passenger automobile statistical data in accordance with the provisions of the SDMS as required by the Insurance Department. However, the superintendent may waive or modify any SDMS requirement(s) for an individual insurer or statistical agent where the implementation of the requirement(s) would be impractical or unreasonable because of the small volume of private passenger automobile insurance premiums written by the insurer or in such other instances where the superintendent deems that such implementation would place an unreasonable burden on the insurer or statistical agent.
(b) The superintendent shall provide a copy of the SDMS manuals to each insurer and statistical agent.
(c) The superintendent shall maintain copies of the SDMS for public perusal at the offices of the Insurance Department in New York City and in Albany and at other locations within this State.
