New York Laws
Article 23 - Property/casualty Insurance Rates
2351 - Homeowners' Insurance Policies.

(b) Multi-tier programs. An insurer may make available a multi-tier
program with more than one rate level in the same company for
homeowners' insurance in the voluntary market provided that:
(1) the program and the insurer's business plan encourage availability
of homeowners' insurance in the voluntary market for insureds in high
risk areas, including coastal areas;
(2) the program is based upon mutually exclusive and objective
eligibility rules per tier, to the extent feasible; and
(3) credits can be applied on a per tier basis pursuant to an approved
rating plan.
(c) Prior to the approval of the provision authorized in subsection
(b) of this section, the superintendent may promulgate rules and
regulations governing the application of such provision.

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