Regulation
#64 has been amended effective 2/5/97. A
short summary is as follows:
1.
The paragraph written in any notice rejecting any element of a claim
should read as follows:
"Should
you wish to take this matter up with the New York State Insurance Department,
you may write or visit the Consumer Services Bureau, New York State Insurance
Department, at: 160 West Broadway, New York, NY 10013; Agency Building One,
Governor Nelson A. Rockefeller Empire State Plaza, Albany, NY 12257; or Walter
J. Mahoney Bldg., 65 Court Street, Buffalo, NY 14202."
2.
Paragraph 17 of Subdivision (b) of Section 216.7 now allows us to make
checks payable to the insured and the lienholder and/or the insured's designated
repairer. However, the insured must
agree to this and the claims file must be documented.
3.
Paragraph 7 of Section 216.7 (c). In
the case of an unrecovered theft loss, the insurer shall make its offer for the
total loss no later than the 25th calendar day following the notice of loss, if
the insured has provided all information that has been requested by the insurer
that is necessary to value the claim. If
the insured has not provided such information by the 25th calendar day following
the notice of loss, the insurer shall make its offer no later than the 5th
business day following receipt of such information.