§ 3433. Termination of contracts or accounts of licensed agents or
brokers; prohibition; geographical location. (a) No insurer shall
terminate or refuse to renew a contract or account of a licensed agent
or broker who negotiated policies of:

(1) fire insurance or fire and extended coverage insurance or

(2) automobile insurance subject to section three thousand four
hundred twenty-five of this article when such termination or refusal to
renew is based solely on the geographical location of the agent or
broker or of the risks for which coverage is afforded through such agent
or broker.

(b) The superintendent shall by regulation establish procedures
requiring notification to such agents or brokers of the insurer's
specific reason or reasons for termination or refusal to renew the
agent's or broker's contract or account.