N.Y.
Insurance Law Section 2349
Multi-tier program
(a)
An insurer may make available a multi-tier program, with more than one rate level in the same company, for private passenger motor vehicle insurance in the voluntary market, provided that:(1)
the program and the insurer’s business plan encourage depopulation of the assigned risk plan established by article 53 (Motor Vehicle Insurance Assigned Risk Plans)article fifty-three of this chapter;(2)
the program is based upon mutually exclusive underwriting rules per tier, to the extent feasible;(3)
credits and surcharges pursuant to an approved rating plan can be applied on a per tier basis; and(4)
the program conforms to regulations promulgated by the superintendent.(b)
For an insurer with an approved multi-tiering program, the provisions of subsection (f) of § 3425 (Certain property/casualty insurance policies)section three thousand four hundred twenty-five of this chapter shall apply in all respects, except that the two percent limitation set forth therein shall:(1)
not apply to any risk moved from a tier to a lower-rated tier; and(2)
be deemed to be three percent for risks moved from a tier to a higher-rated tier.
Source:
Section 2349 — Multi-tier program, https://www.nysenate.gov/legislation/laws/ISC/2349 (updated Sep. 22, 2014; accessed Aug. 8, 2026).
