New York State seal

January 15, 1970

SUBJECT: INSURANCE

WITHDRAWN

Circular Letter No. 3 (1970)

TO ALL INSURERS AUTHORIZED TO TRANSACT FIRE, MARINE AND CASUALTY INSURANCE BUSINESS IN THIS STATE AND RATING ORGANIZATIONS

RE: PROCEDURES FOR FURNISHING RATING INFORMATION UNDER ARTICLE VII-A

Under Section 178(2) it is required that:

"Every insurer and rating organization shall monthly furnish the Superintendent all changes in the rating rules and schedules of rates such insurer or rating organization is then using in this state, and shall quarterly furnish the Superintendent statistical, rating and other information in support of changes in rating rules, schedules of rates and rating classifications and territories. Such rules, schedules and information shall be available for public inspection at the Department."

In accordance with the new law, every insurer and rating organization is required to furnish the Superintendent, no later than the end of each month all changes in its rating rules and schedules of rates. These changes are to be furnished in manual page form. A copy of the form to be completed is attached.

FOR USE BY RATING ORGANIZATIONS

NEW YORK INSURANCE LAW SEC. 178(2) REPORT OF CHANGES IN RATING RULES AND SCHEDULES OF RATES

FOR THE CALENDAR MONTH ENDING __________, 19__ OF THE_________________________(RATING ORGANIZATION).

NOTE: A SEPARATE REPORT MUST BE FILLED OUT FOR EACH SUBDIVISION OF A KIND OF INSURANCE AFFECTED

The (see Note 1) _____ manual pages enclosed clearly identify all changes and present a full and complete disclosure of every change in rating rules and schedules of rates effective on an advisory basis during the month of _______________, 19__, according to the authorized officer's best knowledge, information and belief.

The average effect of these changes is estimated to be _______% on $ _______of premium annually for (see Note 2) _____ insurance coverage in the state of New York.

Date___________, 19___

_________________________

Authorized Officer

_________________________

Title

Notes:

1. Give the number of pages enclosed.

2. Give the appropriate subdivision of the kind of insurance affected.

FORM TO BE SUBMITTED NOT LATER THAN THE LAST DAY OF THE MONTH INDICATED ABOVE

CAB 70-01 CL 1 Mo.-R.O.

________________________________________

Name of Insurer or rating organization

QUARTERLY INTERROGATORY FOR CALENDAR QUARTER ENDING _____________, 19__

PART A

IS YOUR SUPPORT FOR THE CHANGES IN RATING RULES AND SCHEDULES OF RATES BASED ON THE FOLLOWING?

(Sec. 178(2) - ATTACH STATISTICAL, RATING AND OTHER INFORMATION IN SUPPORT THEREFOR)

   

If Yes, Indicate

 
   

Whose Experience

 
   

(a) Your own

 
   

(b) *Other Insurers'

Where Found

   

(c) *Rating

In The

   

Organizations'

 
 

or No

(d) *Any Other

Attached Support

Loss Experience

     

A. Within New York State

     

 1. Past

_____

________________

_______________

 2. Prospective

_____

________________

_______________

 3. Conflagration

_____

________________

_____________

 4. Catastrophe

_____

________________

_______________

B. Outside N.Y.S.

     

 1. Past

_____

________________

______________

 2. Prospective

_____

_______________

______________

 3. Conflagration

_____

________________

______________

 4. Catastrophe

_____

________________

_______________

Reasonable Profit

_____

____XXXXXXXX____

______________

Expenses

     

A. Within this State

     

 1. Past

_____

________________

_____________

 2. Prospective

_____

________________

______________

 B. Countrywide

     

 1. Past

_____

________________

______________

 2. Prospective

_____

_______________

______________

Any Other Relevant

     

Factors

     

 1._________

_____

__________________________________

 2._________

_____

__________________________________

 3._________

_____

__________________________________

A. Policy-holders'

     

 Dividends______________________________________

B. Savings or Unabsorbed

     

 Premium Deposits

     

NOTE: A SEPARATE REPORT MUST BE FILLED OUT FOR EACH

SUBDIVISION OF A KIND OF INSURANCE AFFECTED

* Identify

THE ANSWERS TO THE WITHIN EXHIBITS ARE FULL AND

TRUE STATEMENTS ACCORDING TO THE AUTHORIZED

OFFICER'S BEST KNOWLEDGE, INFORMATION AND BELIEF

Date________, 19__

CAB 70-01 CL 1 Q-A1

_________________________

(Authorized Officer, Title)

_________________________

Name of Insurer

QUARTERLY INTERROGATORY FOR CALENDAR QUARTER ENDING__________, 19__

PART B

To the extent that an insurer uses schedules of rates or rules that are identical to the advisory rules or rates of a rating organization, the insurer may use Part B in lieu of Part A and furnish the following:

Name of Rating Organization

__________

Effective Date of Rating Organization's change in

 

rating rules or schedules of rates

__________

NOTE: A SEPARATE REPORT MUST BE FILLED OUT FOR EACH SUBDIVISION OF A KIND OF INSURANCE AFFECTED

THE ABOVE INFORMATION ARE FULL AND TRUE STATEMENTS ACCORDING TO THE AUTHORIZED OFFICER'S BEST KNOWLEDGE, INFORMATION AND BELIEF.

Date _______________, 19__

_________________________

Authorized Officer

_________________________

Title

CAB 70-01 CL 1 Q-B-Co.