§ 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.