On October 28, 2022, the New York Department of Financial Services (DFS) issued its annual data call for commercial automobile liability insurers covering public automobile classifications, pursuant to Section 308 of the Insurance Law.
Insurers that reported written premium for commercial automobile insurance in calendar year 2021 are required to complete the Voluntary Public Auto Classifications Survey which requests detailed information on the total number of policies and direct premiums written, by category, for all public auto rate classifications during the period January 1, 2021 through September 30, 2022. Information regarding any rate revisions being contemplated or changes in your current level of writings in the immediate future is also requested.
Insurers must submit their survey response to the DFS no later than December 20, 2022, utilizing the "REPORT.xlsx" data file provided by the Department. Beginning this year, the completed response must be transmitted through the Department’s new portal application, “Public Automobile Classifications (NYIL §308)”. Detailed instructions for this process are included on the DFS website.
Any questions concerning the survey documents may be directed to Mr. Chi Kan Lau at 308PublicAuto@dfs.ny.gov.
Link to Call for Special Report