New York Laws
Article 23 - Property/casualty Insurance Rates
2347 - Workers' Compensation Rate Changes.

(b) In all cases other than those described in subsection (a) of this
section, rate filings shall be approved by the department not less than
seventy-five days before the effective date of such rates filed.
(c) Every insurer shall notify any insured affected by a rate change
subject to this section affecting the general rate level made by it of
that change at least thirty days prior to the date of any billing for
such rate change made by the insurer. Such notice shall include an
estimate of the increase as well as an explanation of the nature of the
increase, and cost factors associated with said increase.
(d) Premiums based upon a rate change subject to this section
affecting the general rate level shall be payable by an insured on an
installment basis of not less than two payments per policy period,
should the insured so choose, for any policy with a premium in excess of
one thousand dollars.
(e) The department shall make available to the public a list of rate
changes subject to this section affecting the general rate level by
industry classification within fifteen days from the date the department
approves any rate changes.

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