A Manhattan-based manufacturing company with $200 million in annual revenue and a full-time risk manager wants to obtain a customized property/business interruption program from a NY-admitted insurer outside the standard filed rates. Which NY mechanism allows the carrier to write this risk without filing the rate or form?

Why this is the answer

NY's Free Trade Zone, codified at NY Ins. Law §§ 6301-6304, lets NY-admitted insurers write large or unusual commercial risks on negotiated, unfiled rates and forms. Eligibility classes — Class 1 (large insureds meeting size thresholds), Class 2 (unusual/specialty risks), and Class 3 (named insureds with a risk manager) — open the door once the policyholder qualifies. The Manhattan manufacturer's size and dedicated risk manager fits Class 3. ELANY surplus-line placement (§ 2118) is the alternative when no admitted carrier will write it; here the question stipulates a NY-admitted insurer is willing, so FTZ is the cleaner answer.