1. The Laws of New York
  2. Consolidated Laws
  3. Insurance
  4. Article 23: Property/casualty Insurance Rates


Section 2346-A Reduction in rates of certain commercial risk insurance premiums for real property

Insurance (ISC)

Reduction in rates of certain commercial risk insurance premiums for real property. The superintendent shall provide for an actuarially appropriate reduction in the rates of premiums for certain commercial risk insurance, as defined in subparagraph (A) of paragraph forty-seven of subsection (a) of section one hundred seven of this chapter, to a purchaser of such insurance and shall also provide such reduction to a public entity as defined in paragraph fifty-one of subsection (a) of section one hundred seven of this chapter for the loss of or damage to real property fitted or retrofitted with hurricane resistant laminated glass windows or doors. The superintendent shall by regulation establish standards for hurricane resistant laminated glass windows and doors, including the safe and secure installation thereof.