State Codes and Statutes

Statutes > New-york > Isc > Article-23 > 2317

§  2317.  Joint  underwriting  or  joint reinsurance. (a) Every group,  association or other organization of insurers  which  engages  in  joint  underwriting  or  joint  reinsurance shall be subject to regulation with  respect thereto as herein provided, subject, however,  with  respect  to  joint  underwriting,  to all other applicable provisions of this article  and, with respect to joint reinsurance, to subsection (e) of section two  thousand three hundred twenty-one and section two thousand three hundred  twenty-two of this article.    (b) If, after hearing, the superintendent finds that any  activity  or  practice  of any such group, association or other organization is unfair  or unreasonable or otherwise inconsistent with the  provisions  of  this  article,  he  may issue a written order specifying in what respects such  activity or practice is unfair or unreasonable or otherwise inconsistent  with the provisions of this article, and requiring the discontinuance of  such activity or practice.    (c) Every such group, association, or other organization  of  insurers  shall be subject to examination by the superintendent as often as he may  deem it expedient.

State Codes and Statutes

Statutes > New-york > Isc > Article-23 > 2317

§  2317.  Joint  underwriting  or  joint reinsurance. (a) Every group,  association or other organization of insurers  which  engages  in  joint  underwriting  or  joint  reinsurance shall be subject to regulation with  respect thereto as herein provided, subject, however,  with  respect  to  joint  underwriting,  to all other applicable provisions of this article  and, with respect to joint reinsurance, to subsection (e) of section two  thousand three hundred twenty-one and section two thousand three hundred  twenty-two of this article.    (b) If, after hearing, the superintendent finds that any  activity  or  practice  of any such group, association or other organization is unfair  or unreasonable or otherwise inconsistent with the  provisions  of  this  article,  he  may issue a written order specifying in what respects such  activity or practice is unfair or unreasonable or otherwise inconsistent  with the provisions of this article, and requiring the discontinuance of  such activity or practice.    (c) Every such group, association, or other organization  of  insurers  shall be subject to examination by the superintendent as often as he may  deem it expedient.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Isc > Article-23 > 2317

§  2317.  Joint  underwriting  or  joint reinsurance. (a) Every group,  association or other organization of insurers  which  engages  in  joint  underwriting  or  joint  reinsurance shall be subject to regulation with  respect thereto as herein provided, subject, however,  with  respect  to  joint  underwriting,  to all other applicable provisions of this article  and, with respect to joint reinsurance, to subsection (e) of section two  thousand three hundred twenty-one and section two thousand three hundred  twenty-two of this article.    (b) If, after hearing, the superintendent finds that any  activity  or  practice  of any such group, association or other organization is unfair  or unreasonable or otherwise inconsistent with the  provisions  of  this  article,  he  may issue a written order specifying in what respects such  activity or practice is unfair or unreasonable or otherwise inconsistent  with the provisions of this article, and requiring the discontinuance of  such activity or practice.    (c) Every such group, association, or other organization  of  insurers  shall be subject to examination by the superintendent as often as he may  deem it expedient.