{"data":{"id":"us-ny/n.y.-insurance-law-2349","jurisdiction":"us-ny","citation":"N.Y. Insurance Law § 2349","heading":"Multi-tier program","body":"§ 2349. Multi-tier program. (a) An insurer may make available a\nmulti-tier program, with more than one rate level in the same company,\nfor private passenger motor vehicle insurance in the voluntary market,\nprovided that:\n  (1) the program and the insurer's business plan encourage depopulation\nof the assigned risk plan established by article fifty-three of this\nchapter;\n  (2) the program is based upon mutually exclusive underwriting rules\nper tier, to the extent feasible;\n  (3) credits and surcharges pursuant to an approved rating plan can be\napplied on a per tier basis; and\n  (4) the program conforms to regulations promulgated by the\nsuperintendent.\n  (b) For an insurer with an approved multi-tiering program, the\nprovisions of subsection (f) of section three thousand four hundred\ntwenty-five of this chapter shall apply in all respects, except that the\ntwo percent limitation set forth therein shall:\n  (1) not apply to any risk moved from a tier to a lower-rated tier; and\n  (2) be deemed to be three percent for risks moved from a tier to a\nhigher-rated tier.","path":["Insurance Law","Article 23. Property/casualty Insurance Rates"],"source_url":"https://legislation.nysenate.gov/api/3/laws/ISC/2349","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:45Z","sha256":"cf7ba4e2f1be5c3c5ce88f7bb74e26077cd9ff019e235f626d4216e8b859b192","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-insurance-law-2348","next":"us-ny/n.y.-insurance-law-2350"},"notice":"GroundRules: Original legal text. Not legal advice."}