Sec. 67.10. Permissible premium adjustments

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(a) An insurer may grant premium reductions when an inspection made pursuant to this Part discloses that previous damage or the prior condition of an insured automobile would result in a reduction in the amount payable for settlement of a private passenger automobile physical damage claim in the event of a total loss. An insurer may file revised premium rates, which would be effective under such circumstances, to reduce their fire and theft or comprehensive premium rates as follows:
Diminution of value Reduction permitted
Under $500 None
$500.01 to $750 5%
$750.01 to $1,000 7.5%
More than $1,000 10%
(b) An insurer may deviate from the premium reductions specified in subdivision (a) of this section, upon filing the proposed deviation as a rating rule subject to the superintendent’s approval in accordance with article 23 of the Insurance Law.

                    
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Diminution of value	Reduction permitted
Under $500	None
$500.01 to $750	5%
$750.01 to $1,000	7.5%
More than $1,000	10%