N.Y. Comp. Codes R. & Regs. tit. 15 § 34.4

Current through Register Vol. 46, No. 51, December 18, 2024

Section 34.4 - Reporting time frames

An insurance company or servicing agent shall transmit notices required by this Part to DMV in accordance with the time frames set forth below. Notices may be submitted on a daily basis.

(a) Effective date and cancellation effective date shall be the actual date that insurance became effective, was reinstated or was canceled. It shall not be the processing, issuance, mailing or any other date.

(b) Initial load (LOD)--no earlier than June 12, 2000 but no later than September 12, 2000, except for composite rated policies which shall be no later than February 28, 2001.

(c) Initial load (LOD) resubmission--no later than 90 days after the department transmits a return transaction as the result of an edit error or unresolved no-hit exception, with at least one third of any unmatched transactions resubmitted within 30 days and two thirds of any unmatched transactions resubmitted within 60 days; no later than seven days if the entire initial load tape is rejected due to non-compliance with specifications set forth in this Part including DMV's MVLIR implementation guide.

(d) New business (NBS)--no later than 14 days after the effective date for policies issued through January 1, 2001; no later than seven days after the effective date for policies issued on or after January 2, 2001. Such time frames shall apply all new business (NBS) notices required by section 34.3(a)(2) of this Part. Notices for for-hire vehicles may be reported up to 45 days prior to the effective date.

(e) New business (NBS) resubmission--no later than 21 days after the department's return transaction (edit error or unresolved no-hit exception) date.

(f) New business (NBS) response to mandatory verification (MVF)--no later than 14 days after the department's MVF transaction date.

(g) Reinstatement (REI)--no later than seven days after the reinstatement action.

(h) Reinstatement (REI) resubmission--no later than 14 days after the department's return transaction (edit error or unresolved no-hit exception) date.

(i) Cancellation (XLC)--no later than 30 days after the cancellation effective date but only after any applicable late payment grace period provided by an insurance company (except for hire); no less than 45 days prior to the cancellation effective date (for hire).

(j) Cancellation (XLC) resubmission--no later than 14 days after the NYS DMV return transaction (edit error or unresolved no-hit exception) date.

(k) Cancellation (XLC) response to negative verification (NVF)--no later than 30 days after the department's NVF transaction date.

(l) No insurance (NIS) response to mandatory verification (MVF)--no later than 14 days after the department's MVF transaction date.

(m) No insurance (NIS) resubmission--no later than 14 days after the department's return transaction (edit error or unresolved no-hit exception) date.

N.Y. Comp. Codes R. & Regs. Tit. 15 § 34.4