2006 New York Code - Periodic Review Of Contract Performance; Renegotiation And Termination Of Contract.



 
    § 846-e. Periodic  review  of  contract performance; renegotiation and
  termination of contract. The division shall, by  regulation  hereinafter
  promulgated,  provide for the review, at periodic intervals, which shall
  as far  as  possible  be  coincidental  with  payment  periods,  of  the
  performance  of  companies  under  their  respective  contracts with the
  commissioner. Such  reviews  shall,  among  other  things,  be  for  the
  purposes  of  ascertaining  the  quality  and  quantity  of  the company
  activities performed, the conformity thereof to contract provisions  and
  the  financial integrity and efficiency of the company. Contracts may be
  terminated  by  the  commissioner  upon   a   finding   of   substantial
  non-performance  or  other breach by the company, and contracts shall be
  modified and renegotiated, from time to time, in  light  of  the  actual
  performance, new or changed conditions, or otherwise.

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