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New York Consolidated Laws

N.Y. Insurance Law § 2307 (2026)

Rating classifications or territories; policy forms

✓ text as retrieved May 2026 (this copy records no edition or section history)
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§ 2307. Rating classifications or territories; policy forms. (a) No
insurer or rate service organization shall use a rating classification
or territory unless it has been filed with the superintendent and either
he has approved it, or ninety days have elapsed and he has not
disapproved it as unfairly discriminatory or violative of public policy.
  (b) Except as otherwise provided herein, no policy form shall be
delivered or issued for delivery unless it has been filed with the
superintendent and either he has approved it, or thirty days have
elapsed and he has not disapproved it as misleading or violative of
public policy. After notice and hearing to the insurer or rate service
organization which submitted a policy form for approval, the
superintendent may withdraw approval of such form on finding that the
use of such form is contrary to the legal requirements applicable at the
time of withdrawal. The effective date of the withdrawal of approval
shall be prescribed by the superintendent but shall be not less than
ninety days after notice of withdrawal. With regard to residual value
insurance, policy forms and any amendments thereto shall be filed with
the superintendent within thirty days of their use by the insurer. For
purposes of this subsection, "residual value insurance" shall have the
same meaning as set forth in paragraph twenty-two of subsection (a) of
section one thousand one hundred thirteen of this chapter, provided
however, for the purposes of this subsection such insurance shall only
be utilized for commercial purposes, and shall not include personal
lines of insurance as defined in paragraph two of subsection (a) of
section three thousand four hundred twenty-five of this chapter or any
commercial auto insurance, and, provided further that applicants for
such insurance shall sign a statement that the applicant has an
appropriate level of knowledge and understanding of the use of residual
value insurance.
  * (c) With respect to kinds of insurance or insurance activities the
rates for which, pursuant to subsection (a) of section two thousand
three hundred five of this article, are not subject to prior approval,
any requirement in subsections (a) and (b) of this section of filing
with or prior approval by the superintendent may be waived by regulation
adopted by the superintendent after a public hearing.
  * NB Expires July 1, 2026
  (d) All policy forms and rating classifications and territories filed
with the superintendent shall be available for public inspection at the
department.
  (e) Policy forms for inland marine risks where the rates for such
risks by general custom of the business are not written according to
manual rates or rating plans shall not be filed pursuant to subsection
(b) of this section, unless the superintendent directs that they be
filed.
Notes of Decisions
Cited in 7 cases (1 in the last 5 years), 1996–2024 · leading case: Sandwich Chef of Texas, Inc. v. Reliance Nat'l Indem. Ins., 202 F.R.D. 484 (S.D. Tex. 2001).
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Sandwich Chef of Texas, Inc. v. Reliance Nat'l Indem. Ins., 202 F.R.D. 484 (S.D. Tex. 2001). “StatAnn § 59A-18-12 (Michie 1995); N.Y.Ins.Law § 2307 (McKinney 1985 & Supp.”
Lane v. Sec. Mut. Ins., 256 A.D.2d 1100 (N.Y. App. Div. 4th Dep't 1998). “Defendant insurer complied with this provision, and its policy form was approved by the Superintendent of Insurance pursuant to Insurance Law § 2307 (b) and § 3404 (f) (1) (see, Matter of Liberty Mut.”
Ins. Premium Fin. Ass'n v. New York State Dep't of Ins., 668 N.E.2d 399 (N.Y. 1996). “, Insurance Law § 2307 [forms]; § 2305 [rates]), and they contend that the mere approval of the amendments under these circumstances does not constitute the adoption of an agency rule within the intendment of the State Administrative Procedure Act any more than the approval of a…”
Air-Sea Packing Grp., Inc. v. Applied Underwriters, Inc., 228 A.D.3d 20 (N.Y. App. Div. 2d Dep't 2024). “DFS further found that, in violation of Insurance Law § 1102, Applied Underwriters engaged in an "unlicensed insurance business" and, in violation of Insurance Law § 2307, "AUCRA issued for delivery .”
In re the Rehab. of Frontier Ins., 36 Misc. 3d 529 (N.Y. Sup. Ct. 2012). “Insurance Law § 2307 (b) requires the Department of Financial Services to preapprove the form of insurance “policies.”
State of New York v. Flora, 173 A.D.3d 1402 (N.Y. App. Div. 3d Dep't 2019). · cites it 3× “Instead, Utica Mutual argued that the MTBE exclusion is unenforceable because Arch did not comply with the filing requirement of Insurance Law § 2307, which states that "no policy form shall be delivered or issued for delivery unless it has been filed with the superintendent [of…”
INS. ASSN v. Dept. of Ins., 668 N.E.2d 399 (N.Y. 1996). “, Insurance Law § 2307 [forms]; § 2305 [rates]), and they contend that the mere approval of the amendments under these circumstances does not constitute the adoption of an agency rule within the intendment of the State Administrative Procedure Act any more than the approval of a…”
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