N.Y. Insurance Law § 5414: Coastal market assistance program (C-MAP)

§ 5414. Coastal market assistance program (C-MAP). (a) The association

shall create a coastal market assistance program to provide a voluntary

mechanism whereby insurers and insurance agents and brokers facilitate

efficient access to participating private market insurance companies for

those personal residential property risks located in coastal areas.

(b) To provide the association with advice and assistance with the

operations of the coastal market assistance program, a C-MAP agents

advisory council shall be established, consisting of nine members

appointed as follows: three members shall be appointed by the governor,

two members shall be appointed by the temporary president of the senate,

two members shall be appointed by the speaker of the assembly, one

member shall be appointed by the minority leader of the senate, and one

member shall be appointed by the minority leader of the assembly,

provided however that each member shall be an insurance producer, as

defined in article twenty-one of this chapter, who sells homeowners'

insurance in an area served by the coastal market assistance program.

The superintendent, or his or her designee, also may participate as an

ex-officio member. Each member of such advisory council shall serve at

the pleasure of the official who appointed such member.

(c) The association shall administer the coastal market assistance

program. The association may, subject to approval of the superintendent,

adopt reasonable eligibility standards for participation in the coastal

market assistance program. At a minimum, properties eligible for the

program shall be located within one mile of the shore. For purposes of

this section, shore shall mean salt-water ocean, sound, bay, inlet, Lake

Erie, Lake Ontario, the Saint Lawrence River, the Hudson River, or the

Niagara River with distance measured from mean high water. The

association may adopt additional or more expansive eligibility standards

for participation in the coastal market assistance program.

(d) The C-MAP agents advisory council shall provide recommendations to

the association for consideration by the board of directors. The board

of directors shall promptly advise the superintendent, in writing, of

any recommendations received from the C-MAP agents advisory council.

(e) The association shall study and may adopt a voluntary single

adjuster program, under which a residence insured under both an

association and a private market policy would have claims under both

policies adjusted by the private market carrier. The association may

adopt other incentives to encourage voluntary participation in the

coastal market assistance program, subject to the approval of the

superintendent.