October 15, 1975
CIRCULAR LETTER NO. 13(1975)
TO ALL PROPERTY INSURERS LICENSED IN NEW YORK STATE:
It has come to the attention of the Insurance Department that there is a lack of uniformity in the reporting of premiums and losses for the fire pool (New York Fair Plan) on Page 14 (New York) of the Annual Statement.
Accordingly, in view of this development, and in order to coordinate statement reporting, this is to advise you that the proportionate share of fire pool premiums and losses allocated to each insurer in the state are to be reported by each such insurer on a direct basis for annual statement purposes.
Please acknowledge receipt of this letter to:
Mr. Fred Tizzio
New York State Insurance Dept.
Two World Trade Center
New York, NY 10047
THOMAS A. HARNETT
Superintendent of Insurance