New York State seal

January 27, 1964

SUBJECT: INSURANCE

WITHDRAWN

Circular Letter 64-3

TO ALL LICENSED RATING ORGANIZATIONS AND INSURERS MAKING AUTOMOBILE INSURANCE RATE FILINGS

Automobile Insurance Rate Filings under Insurance Law Article VIII

As part of our program to expedite review of rate filings under Article VIII of the Insurance Law, this Department has developed an interrogatory blank for use in connection with automobile liability and physical damage rate filings, which will until further notice be expected to be completed and submitted for consideration with each such filing.

A copy of the interrogatory form is attached.

This interrogatory procedure is, however, not applicable to the rating of individual risks under Insurance Law Section 185(3), or to other procedures which require individual risk filings with this Department, or to rate deviations under Section 185(4).

If after a period of trial the utility of this interrogatory form is established, the Department expects to extend use of it, or of some modification of it, to other rate filings.

Very truly yours,

SAMUEL C. CANTOR

Acting Superintendent of Insurance

By: [SIGNATURE]

Frank Harwayne

Chief Actuary

(attachment)

INTERROGATORY

       

IS YOUR SUPPORT FOR THE FILING BASED ON THE FOLLOWING?

       
   

If Yes, Indicate

 
   

Whose Experience

 
   

(a) Your own

 
   

(b) Other

 
   

Insurers n1

 
 

Yes

(c) Rating

Where

 

Or No

Organizations n1

Found

   

Subscribers

In the

     

Filing

 . Loss Experience

     

  A. Within NEW YORK STATE

     

  1. Past

_____

_____________

__________

       

  2. Prospective

_____

_____________

__________

       

  3. Conflagration

_____

_____________

__________

       

  4. Catastrophe

_____

_______________

__________

       

 B. Outside New York

     

  State

     

  1. Past

_____

_______________

__________

       

  2. Prospective

_____

_______________

__________

       

  3. Conflagration

_____

_______________

__________

       

  4. Catastrophe

_____

_______________

__________

 

_____

XXXXX

__________

       

  Reasonable Profit

     
       

  Expenses

     

 A. Within this

     

  State

     

  1. Past

_____

_______________

__________

       

  2. Prospective

_____

_______________

__________

       

 B. Countrywide

     

  1. Past

_____

_______________

__________

       

  2. Prospective

_____

_______________

__________

       

Any

     

  Other Relevant Factors

_____

_______________

__________

  1. _______________

_____

_______________

__________

  2. _______________

_____

_______________

__________

  3. _______________

     

 A. Policyholders n1

_____

_______________

__________

 Dividends

     
       

 B. Savings or

     

 Unabsorbed

     

 Premium Deposits

_____

_______________

__________

1-64

TO BE SIGNED BY AN OFFICER OF THE FILING ORGANIZATION____________________

(Signature)