New York § 2349 - 2349Multi-tier program
Full text of New York New York Consolidated Laws § 2349 — 2349Multi-tier program, with citation guidance and answers to common questions.
§ 2349. 2349Multi-tier program
§ 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 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 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.
Frequently Asked Questions About New York § 2349
What does New York Consolidated Laws § 2349 cover?
Section 2349 ("2349Multi-tier program") is part of the New York Consolidated Laws, the codified statutory law of New York. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New York § 2349?
A common citation format is "New York Consolidated Laws § 2349" (New York). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New York law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New York official source linked on this page or consult a licensed New York attorney.
How does New York § 2349 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New York can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New York.