2016 New York Laws
BNK - Banking
Article 12-B - (Banking) INSURANCE PREMIUM FINANCE AGENCIES
563 - Violations and penalties.

 563.  Violations and penalties. 1. Any person, including any member,
  officer,  director  or  employee  of  a  licensee,   who   violates   or
  participates  in  the violation of any provision of this article, or who
  knowingly makes any incorrect  statement  of  a  material  fact  in  any
  application,  report or statement filed pursuant to this article, or who
  knowingly omits to  state  any  material  fact  necessary  to  give  the
  superintendent  any  information  lawfully required by him or refuses to
  permit any lawful investigation or examination, shall  be  guilty  of  a
  misdemeanor  and,  upon  conviction,  shall  be fined not more than five
  hundred dollars or imprisoned for not more than six months or  both,  in
  the discretion of the court.
2.  A  premium  finance agency's knowingly taking or receiving from or
  charging an insured a greater charge than  authorized  in  this  article
  shall be held and adjudged a forfeiture of all charges which the premium
  finance  agreement  carries with it or which have been agreed to be paid
  thereon, and if a greater charge has been paid by an insured, the person
  paying the same or his legal representative may recover from the premium
  finance agency twice the entire amount  of  the  charges  thus  paid  if
  action is brought within two years from the time of such payment.
3.  No  licensee  shall  make,  directly  or  indirectly, orally or in
  writing, or by any method, practice or device, a representation that  he
  is  licensed  under  the  banking  law except that a licensee may make a
  representation that he is licensed as a premium finance agency under the
  banking law and is licensed to finance insurance premiums.