Section 2337. Private passenger automobile physical damage insurance; statistics on use of anti-theft devices and the maximum discount for all anti-theft devices  


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  • (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.