2006 New York Code - Joint Underwriting Or Joint Reinsurance.



 
    §  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.

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