STATE OF NEW YORK
25 BEAVER STREET
NEW YORK, NEW YORK 10004
|Circular Letter No. 29 (1999)
October 21, 1999
ALL INSURERS AUTHORIZED TO WRITE MOTOR VEHICLE INSURANCE COVERAGE IN NEW YORK STATE
TITLE BRANDING - EIGHTH AMENDMENT TO REGULATION 64
This amendment is applicable to first-party motor vehicle physical damage claims on vehicles that are 8 model years or newer and is intended to assist the DMV in its implementation of Chapter 360 of the Laws of 1997. Although insurers are not required to secure title on third-party property damage claims, they are encouraged to advise claimants of the title branding requirement during the claims adjustment process. If the vehicle is subject to the DMVs title branding requirements, it is the owners responsibility to have the title branded. Failure to do so may result in the owner being subject to civil penalties up to $2,000 pursuant to Section 429 of the Vehicle and Traffic Law.
A copy of the amendment is attached. Questions regarding the DMVs Title Branding requirements should be directed to TITLE SERVICES at 518-486-4714. Receipt of this Circular Letter must be acknowledged by the Senior Claims Officer no later than November 15, 1999 to Ms. Hoda Nairooz, Senior Examiner, Property Bureau 2nd Floor, New York State Insurance Department, 25 Beaver Street, New York, NY 10004 (Phone 212-480-5662).
|Very truly yours,|
Assistant Deputy Superintendent &