N.Y. ISC Law § 2303
This is the official text of N.Y. ISC Law § 2303, part of New York’s ISC Law — part of the compiled statutory law of New York, published by the state as "ISC Law." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Standards for rates
Official statutory text
§ 2303. Standards for rates. Rates shall not be excessive, inadequate,\nunfairly discriminatory, destructive of competition or detrimental to\nthe solvency of insurers. In determining whether rates comply with the\nforegoing standards, the superintendent shall include all income earned\nby such insurer and any insurer controlling or controlled by such\ninsurer or under common control by or with such insurer on all its\ninvestments of any kind and wherever located. The superintendent shall\nfurther determine whether any component of such rates represent an\neffort on the part of the insurer to recover losses incurred in another\nstate due to any referendum, law or regulation which requires a general\nreduction in rates for the kinds of insurance described in section two\nthousand three hundred two of this article. Such a finding shall be\ndeemed unfairly discriminatory for the purposes of this article.\n
Status: in_force · Read it on the official government site
Need a lawyer in New York?
Find a New York lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.