Source: https://www.federalregister.gov/documents/2003/03/21/03-5629/insurer-reporting-requirements-list-of-insurers-required-to-file-reports
Timestamp: 2018-03-18 20:36:11
Document Index: 402262354

Matched Legal Cases: ['art 544', 'art 544', 'art 544', 'art 544', 'art 544', '§\u2009544', '§\u2009544', 'art 544', 'art 544', 'art 544']

A Proposed Rule by the National Highway Traffic Safety Administration on 03/21/2003
Comments must be submitted not later than May 20, 2003. Insurers listed in the appendices are required to submit reports on or before October 25, 2003.
13887-13891 (5 pages)
https://www.federalregister.gov/d/03-5629 https://www.federalregister.gov/d/03-5629
This document proposes to revise Appendices A, B, and C of 49 CFR part 544, insurer reporting requirements. The appendices list those passenger motor vehicle insurers that are required to file reports on their motor vehicle theft loss experiences. An insurer included in any of these appendices would be required to file three copies of its report for the 2000 calendar year before October 25, 2003. If the passenger motor vehicle insurers remain listed, they must submit reports by each subsequent October 25.
Comments on this proposed rule must refer to the docket number referenced in the heading of this notice. Submit your comments in writing to: Docket Section, NHTSA, Room 5109, 400 Seventh Street, SW., Washington, DC 20590. You may also submit written comments to the docket on a computer diskette. Comments may also be submitted to the docket electronically by logging onto the Dockets Management System Web site at http://dms.dot.gov. You may visit the Docket Start Printed Page 13888from 10 a.m. to 5 p.m., Monday through Friday.
Ms. Carlita R. Ballard, Office of Planning and Consumer Standards, NHTSA, 400 Seventh Street, SW., Washington, DC 20590, by electronic mail cballard@nhtsa.dot.gov. Ms. Ballard's telephone number is (202) 366-0846. Her fax number is (202) 493-2290.
Appendix A lists insurers that must report because each had 1 percent of the motor vehicle insurance premiums on a national basis. The list was last amended in a final rule published on July 16, 2002 (67 FR 46608). Based on the 2000 calendar year data market shares from A.M. Best, we propose to remove Farmers Insurance Group and St. Paul Companies from Appendix A and to add Zurich/Farmers Group to Appendix A.
Each of the 19 insurers listed in Appendix A is required to file a report before October 25, 2003, setting forth the information required by part 544 for each State in which it did business in the 2000 calendar year. As long as these 19 insurers remain listed, they will be required to submit reports by each subsequent October 25 for the calendar year ending slightly less than 3 years before.
Appendix B lists insurers required to report for particular States for calendar year 2000, because each insurer had a 10 percent or greater market share of motor vehicle premiums in those States. Based on the 2000 calendar year data for market shares from A.M. Best, we propose no changes to Appendix B.
The eight insurers listed in Appendix B are required to report on their calendar year 2000 activities in every State where they had a 10 percent or greater market share. These reports must be filed by October 25, 2003, and set forth the information required by part 544. As long as these eight insurers Start Printed Page 13889remain listed, they would be required to submit reports on or before each subsequent October 25 for the calendar year ending slightly less than 3 years before.
Appendix C lists rental and leasing companies required to file reports. Based on information in Automotive Fleet Magazine and Business Travel News for 2000, NHTSA proposes to remove Ford Rent-A-Car System from Appendix C and to add Thrifty Rental Car System Inc. and Ryder TRS to Appendix C. Each of the 18 companies (including franchisees and licensees) listed in Appendix C would be required to file reports for calendar year 2000 no later than October 25, 2003, and set forth the information required by part 544. As long as those 18 companies remain listed, they would be required to submit reports before each subsequent October 25 for the calendar year ending slightly less than 3 years before.
NHTSA does not believe that this proposed rule, reflecting current data, affects the impacts described in the final regulatory evaluation prepared for the final rule establishing part 544 (52 FR 59; January 2, 1987). Accordingly, a separate regulatory evaluation has not been prepared for this rulemaking action. Using the Bureau of Labor Statistics Consumer Price Index for 2003 (see http://www.bls.gov/​cpi), the cost estimates in the 1987 final regulatory evaluation were adjusted for inflation. The agency estimates that the cost of compliance is $86,100 for any insurer added to Appendix A, $34,440 for any insurer added to Appendix B, and $9,936 for any insurer added to Appendix C. If this proposed rule is made final, for Appendix A, the agency would remove two companies and add one company; for Appendix B, the agency would propose no change; and for Appendix C, the agency would remove one company and add two companies. The agency estimates that the net effect of this proposal, if made final, would be a cost decrease to insurers, as a group of approximately $76,164.
a. Mail: Carlita R. Ballard, Office of Planning and Consumer Standards, NHTSA, 400 Seventh Street, SW., Washington, DC 20590;
c. Fax: (202) 493-2290. Start Printed Page 13890
Based on the foregoing, we are proposing to revise Appendices A, B, and C of 49 CFR 544, insurer reporting requirements.
2. Paragraph (a) of § 544.5 is proposed to be revised as follows:
(a) Each insurer to which this part applies shall submit a report annually before October 25, beginning on October 25, 1986. This report shall contain the information required by § 544.6 of this part for the calendar year 3 years previous to the year in which the report is filed (e.g., the report due by October 25, 2003, will contain the required information for the 2000 calendar year).
3. Appendix A to part 544 is proposed to be revised as follows:
Zurich/Farmers Group [1]
4. Appendix B to part 544 is proposed to be revised as follows:
Auto Club (Michigan) Start Printed Page 13891
5. Appendix C to part 544 is proposed to be revised as follows:
1. Indicates a newly listed company which must file a report beginning with the report due October 25, 2003.
[FR Doc. 03-5629 Filed 3-20-03; 8:45 am]