April 14, 1981
Circular Letter No. 10
Date: April 14, 1981
TO: All Insurers Licensed to Write Automobile Insurance in New York State
SUBJECT: No-Fault Brochure - What You Should Know About The Revised No-Fault Automobile Insurance Law
Attached herewith is Addendum No. 1 to the captioned brochure. The Addendum must be furnished to all new insureds together with the brochure prescribed by 11NYCRR 65.12(e) (Regulation 68).
The increased lost earnings benefits for accidents occurring on and after February 20th 1980 reflects the ruling by the New York State Court of Appeals in the case KURCSICS v. Merchants Mutual Insurance Company, 49 N.Y. 2d 451 as implemented by the Fourteenth Amendment to Regulation No. 68 (11NYCRR 65.15(n)(2)([A> B <A])([A> 2 <A]).
The increase in the arbitration filing fee to $ 35 went into effect on January 2, 1981 with the promulgation of the 15th Amendment to Regulation 68 (11NYCRR 65.16(c)(1).
Very truly yours,
ALBERT B. LEWIS
Superintendent of Insurance