Insurance Law 2352 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 2351 Homeowners' insurance policies up ARTICLE 23 Property/casualty Insurance Rates next SECTION 2353 For-hire motor vehicle safety program; reduction in rates of certain commercial risk insurance premiums for motor vehicles Viewing most recent revision (from 2022-08-12) View historical revision as of: -- Choose a Date -- 2022-08-12 2022-05-13 2014-09-22 Share Facebook Email SECTION 2352 Multiple rating programs Insurance (ISC) CHAPTER 28, ARTICLE 23 § 2352. Multiple rating programs. (a) Subject to the superintendent's prior approval, an insurer may establish more than one rating program within the same company for policies of insurance that are subject to section three thousand four hundred twenty-five or section three thousand four hundred twenty-six of this chapter; provided that: (1) each rating program shall apply only to policies newly written on or after the effective date of the rating program but prior to the effective date of any subsequently approved rating program; provided however if an insurer terminates a rating program, then the insurer shall renew the policies that were subject to the terminated rating program in a subsequently approved rating program. (2) the provisions of subsection (f) of section three thousand four hundred twenty-five and subsection (b) of section two thousand three hundred forty-nine of this chapter shall be applied to each rating program to which they are applicable separately. (b) The superintendent may promulgate rules and regulations to implement the provisions of this section.