N.Y. Insurance Law § 2337: Private passenger automobile physical damage insurance; statistics on use of anti-theft devices and the maximum discount for all anti-the...

§ 2337. Private passenger automobile physical damage insurance;

statistics on use of anti-theft devices and the maximum discount for all

anti-theft devices. (a) In accordance with procedures prescribed by the

superintendent pursuant to the provisions of subsection (a) of section

two thousand three hundred fifteen of this article, each insurer which

offers physical damage insurance subject to the provisions of section

three thousand four hundred eleven of this chapter shall maintain

statistics of the fire, theft and comprehensive insurance experience of

its insureds whose automobiles are and are not equipped with anti-theft

devices. Such statistics shall include the name, type and manufacturer

of such devices. The superintendent shall direct that insurers

appropriately modify the premium attributable to fire, theft and

comprehensive coverages for automobiles equipped with such devices, to

reflect reduced exposure to loss.

(b) The maximum discount on theft and comprehensive motor vehicle

insurance coverage for all anti-theft devices provided for in this

article shall be an appropriate discount based solely on sound actuarial

practices and limited only by sound actuarial determinations.