June 7, 1991
Supplement No. 1 to Circular Letter No. 9 (1991)
TO: ALL AUTHORIZED AUTO INSURERS IN THIS STATE AND INSURANCE PRODUCER ORGANIZATIONS
RE: MOTOR VEHICLE INSURANCE POLICIES COVERING TAXIS, LIVERIES, BUSES AND RENTAL VEHICLES
As Circular Letter No. 9 (1991) advised, the Department of Motor Vehicles (DMV) is in the process of changing registration expiration dates for taxis, liveries, buses and rental vehicles from December 31st to either February 28th or September 30th. This change affects those insurers that write policies covering these types of vehicles, because of DMV's continuing requirement that insurance coverage must be coterminous with the registration period.
In order to provide more lead time for insurers to react to this change and to provide insurers with additional alternatives for providing coverage during the transitional phase, the DMV has modified its schedule. The modified schedule follows:
BUSES, TAXIS AND LIVERIES
. Vehicles registered for the first time (original registrations) prior to December 1, 1991 will receive a December 31, 1991 expiration. According to DMV, all FH-1's issued between June 1, 1991 and December 1, 1991 must show a December 31. 1991 expiration date.
. Vehicles registered for the first time between December 1, 1991 and December 31, 1991 can receive a registration expiring on December 31, 1991, February 28, 1992 or. February 28, 1993, depending on the FH insurance certificate presented and, the registrant's preference.
In these situations, however, according to DMV, the FH-1 MUST show an expiration date of either December 31, 1991 "or February 28, 1993. Such FH-1's CANNOT SHOW A FEBRUARY 28, 1992 EXPIRATION.
If the presented insurance coverage is valid through December 31, 1991, the registration will expire on December 31, 1991. If a February. 28, 1992 registration expiration date is selected by the registrant, DMV will require F11-1's showing a February 28, 1993 expiration date both times the vehicle is registered.
. Vehicles registered for the first time between January 1, 1992 and February 28, 1992 can receive a registration expiring either February 28, 1992 or February 28. 1993, whichever date the registrant prefers. In these situations, the FH-1 MUST SHOW COVERAGE THROUGH FEBRUARY 28, 1993. Those who register in January 1992 and request a February 28, 1993 registration expiration will actually receive two registrations, one expiring in 1992 and the other in 1993.
. Vehicles registered for the first time after February 28, 1992 will receive a registration expiring February 28th of the following year, unless the vehicle is registered in February. Vehicles registered in February can receiver a February 28th expiration in the same year or the following year, depending upon the FH coverage presented.
. All vehicles that have a December 31, 1991 registration expiration date will he renewed by DMV with a February 28, 1993 expiration date. According to DMV, FH certificate and insurance coverage must be coterminous.
. Vehicles registered for the first time between December 1, 1991 will receive a December 31, 1991 expiration.
. Vehicles registered for the first time between December 1, 1991 and December 31, 1991 can receive either a December 31, 1991 expiration or a September 30, 1992 expiration.
. Vehicles expiring December 31, 1991 will be renewed for a nine-month period, expiring September 30, 1992.
. All vehicles registered after December 31, 1991 will receive a September 30th expiration.
. Proof of coterminous insurance coverage will be required for all registration transactions.
These scheduling changes will allow insurers ample time to implement programming changes and to order FH-1 cards preprinted with the appropriate dates. Separate cards should be ordered for each different expiration month (i.e., September, December and February). Insurers shay continue to pre-print or type in the expiration year. There are no other format changes to the FH certificates.
Any questions regarding for-hire registration cycle adjustments should be directed to Heather Rhoads (518-474-0621) at DMV, while any insurance-related questions about these changes should be brought to the attention of Stephen R. Solomon (212-602-0337), Principal Insurance Examiner, Property & Casualty Insurance Bureau, at the Insurance Department.
Very truly yours,
SALVATORE R. CURIALE
SUPERINTENDENT OR INSURANCE