Section 2328. Certain motor vehicle insurance rates; prior approval  


Latest version.
  • For the
      periods  February  first,  nineteen  hundred seventy-four through August
      second,  two   thousand   one,   and   the   effective   date   of   the
      property/casualty insurance availability act through June thirtieth, two
      thousand  eleven,  no  changes  in rates, rating plans, rating rules and
      rate manuals applicable to motor vehicle insurance,  including  no-fault
      coverages  under  article  fifty-one  of  this  chapter,  shall  be made
      effective until approved  by  the  superintendent,  notwithstanding  any
      inconsistent provisions of this article; provided, however, that changes
      in  such  rates, rating plans, rating rules and rate manuals may be made
      effective without such approval if the  rates  which  result  from  such
      changes  are  no  higher  than  the insurer's rates last approved by the
      superintendent. This section  shall  apply  only  to  policies  covering
      losses  or  liabilities arising out of ownership of a motor vehicle used
      principally for the transportation of persons for hire, including a  bus
      or  a school bus as defined in sections one hundred four and one hundred
      forty-two of the vehicle and traffic law.