The Commissioner shall adopt a two-tier antiarson application form that requires an applicant to complete a second-tier supplementary application if the initial first-tier application elicits certain predesignated answers. In adopting the antiarson application form, the Commissioner shall consider generally recognized two-tier application forms. An antiarson application shall include: the name and address of the applicant, any mortgagee, and any other party with an ownership interest in the property to be insured; the amount of insurance requested and the method of valuation used to establish that amount; the dates and selling prices of the property to be insured in all real estate transactions involving the property during the 3-year period immediately preceding the date of the antiarson application; the applicant’s history of losses during the 5-year period immediately preceding the date of the antiarson application with regard to any property: in which the applicant held an interest, including a partnership or mortgage interest, that is substantial; and that sustained a fire loss exceeding 25% of the insured value; all taxes that are unpaid or overdue for 1 or more years; and the present occupancy of the property to be insured.