2013 New York Consolidated Laws
ISC - Insurance
Article 3 - (301 - 341) ADMINISTRATIVE AND PROCEDURAL PROVISIONS
309 - Examinations of insurers; when authorized or required.

 
    §  309. Examinations of insurers; when authorized or required. (a) The
  superintendent may make an examination into the affairs of any insurance
  corporation or other insurer doing or authorized  to  do  any  insurance
  business  in  this  state  or, of any pension fund, retirement system or
  other organization which is required by law to make reports  to,  or  is
  subject  to  examination  by,  the  department  as  often as he deems it
  expedient for the protection of the interests  of  the  people  of  this
  state,  in  addition  to  examinations authorized by other provisions of
  this chapter.
    (b) The superintendent shall make an examination into the affairs:
    (1) of every authorized domestic fraternal benefit society  and  every
  domestic  property/casualty  insurance  company,  at least once in every
  three years; except that the superintendent may extend  the  three  year
  interval to not more than five years with respect to a property/casualty
  insurance  company,  upon determining that the three year requirement is
  not necessary to safeguard the interests of the public or policyholders;
    (2) of every domestic life insurance company, at least once  in  every
  five years; and
    (3)  of every other authorized domestic insurer and every rate service
  organization which makes or files rates, whether  or  not  advisory,  at
  least once in every five years.