§ 2334. Non-commercial private passenger automobile insurance rates;
merit rating plans. (a) The superintendent shall, after public hearing,
promulgate a regulation, which may be amended from time to time,
applicable to non-commercial private passenger automobile insurance
merit rating plans which reflect an individual driver's experience with
respect to accidents, claims or traffic violations. The regulation shall
continue to encourage competition among insurers, but shall discourage
merit rating plan provisions which may tend to create confusion or
misunderstanding among insureds. The regulation shall establish
standards and limitations intended to insure that merit rating plans are
reasonable, understandable and objective and are not unfairly
discriminatory, inequitable, violative of public policy or otherwise
contrary to the best interests of the people of this state.

(b) Insurers shall review their merit rating plans which were approved
by the superintendent prior to the promulgation of the regulation
required by this section and shall, before November first, nineteen
hundred eighty-two, file with the superintendent statements that their
merit rating plans conform with the regulation, or file appropriate
amendments to their plans which will bring them into compliance with the
standards of the regulation. Such amendments shall become effective upon
approval by the superintendent.