Legislative Update August 2019
Follow link here to August 2019 newsletter.
The State of New York approved a slight increase in the rate for Code 5190 Electrical Wiring. Effective with policies renewing on or after October 1, 2020, the loss cost for code 5190 will increase 0.8% from 4.90 to 4.94. The loss cost rate, multiplied by a carrier loss cost multiplier yields the total rate charged […]