New York Laws
Article 23 - Property/casualty Insurance Rates
2333 - Non-Commercial Private Passenger Automobile Insurance Rates; Apportionment of Expenses.

§ 2333. Non-commercial private passenger automobile insurance rates;
apportionment of expenses. With respect to non-commercial private
passenger automobiles, no filing of a rate, rating plan, rating rule or
rate manual applicable to insurance for loss of or damage to a motor
vehicle, the insurance provided for in section five thousand one hundred
three of this chapter, bodily injury liability insurance or property
damage liability insurance shall be approved by the superintendent, if
the filing allocates all of an insurer's administrative expenses as a
percentage of premium. Every insurer shall reasonably apportion such
expenses among its policyholders. For the purpose of this section,
administrative expenses includes general expenses and acquisition
expenses other than commissions.

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