New York Consolidated Laws, Insurance Law - ISC § 2351. Homeowners' insurance policies

(a) For the purposes of this section, “homeowners insurance” means a contract of insurance insuring against the contingencies described in subparagraphs (A), (B) and (C), or (B) and (C) of paragraph two of subsection (a) of section three thousand four hundred twenty-five of this chapter and which is a “covered policy” of personal lines insurance as defined in such paragraph; provided, however, that the coverages provided under such subparagraphs (B) and (C) shall not apply where the natural person does not have an insurable interest in the real property, or a portion thereof, or the residential unit in which such person resides.

(b) Multi-tier programs. An insurer may make available a multi-tier program with more than one rate level in the same company for homeowners' insurance in the voluntary market provided that:

(c) Prior to the approval of the provision authorized in subsection (b) of this section, the superintendent may promulgate rules and regulations governing the application of such provision.