January 27, 1964
SUBJECT: INSURANCE
Circular Letter 64-3
WITHDRAWN
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 |
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IS YOUR SUPPORT FOR THE FILING BASED ON THE FOLLOWING? |
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If Yes, Indicate |
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Whose Experience |
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(a) Your own |
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(b) Other |
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Insurers n1 |
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Yes |
(c) Rating |
Where |
|
Or No |
Organizations n1 |
Found |
|
Subscribers |
In the |
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Filing |
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. Loss Experience |
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A. Within NEW YORK STATE |
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1. Past |
_____ |
_____________ |
__________ |
2. Prospective |
_____ |
_____________ |
__________ |
3. Conflagration |
_____ |
_____________ |
__________ |
4. Catastrophe |
_____ |
_______________ |
__________ |
B. Outside New York |
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State |
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1. Past |
_____ |
_______________ |
__________ |
2. Prospective |
_____ |
_______________ |
__________ |
3. Conflagration |
_____ |
_______________ |
__________ |
4. Catastrophe |
_____ |
_______________ |
__________ |
_____ |
XXXXX |
__________ |
|
Reasonable Profit |
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Expenses |
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A. Within this |
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State |
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1. Past |
_____ |
_______________ |
__________ |
2. Prospective |
_____ |
_______________ |
__________ |
B. Countrywide |
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1. Past |
_____ |
_______________ |
__________ |
2. Prospective |
_____ |
_______________ |
__________ |
Any |
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Other Relevant Factors |
_____ |
_______________ |
__________ |
1. _______________ |
_____ |
_______________ |
__________ |
2. _______________ |
_____ |
_______________ |
__________ |
3. _______________ |
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A. Policyholders n1 |
_____ |
_______________ |
__________ |
Dividends |
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B. Savings or |
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Unabsorbed |
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Premium Deposits |
_____ |
_______________ |
__________ |
1-64
TO BE SIGNED BY AN OFFICER OF THE FILING ORGANIZATION____________________
(Signature)