2019 New York Laws
ISC - Insurance
Article 3 - Administrative and Procedural Provisions
310 - Examinations; How Conducted.

§  310.  Examinations; how conducted. (a) (1) Whenever pursuant to any
provision of this chapter, the superintendent shall determine to examine
the affairs of any insurer or other  person,  he  shall  make  an  order
indicating the scope of the examination and may appoint as examiners one
or more persons not employed by any insurer or interested in any insurer
except  as  a  policyholder.  A  copy of such order shall upon demand be
exhibited to the insurer or person whose  affairs  are  to  be  examined
before the examination begins.
  (2)  Any  examiner  authorized  by  the  superintendent shall be given
convenient access at all reasonable hours to the books, records,  files,
securities  and  other  documents  of  such  insurer  or  other  person,
including those of any affiliated or subsidiary companies thereof, which
are relevant to the examination, and  shall  have  power  to  administer
oaths  and to examine under oath any officer or agent of such insurer or
other person, and any other person having custody  or  control  of  such
documents, regarding any matter relevant to the examination.
  (3)  The  officers  and  agents  of such insurer or other person shall
facilitate such examination and aid such  examiners  in  conducting  the
same so far as it is in their power to do so.
  (4)  The  refusal  of  any  insurer  to submit to examination shall be
ground for revocation or refusal of a license or renewal license.
  (5) The examiner or examiners in charge of such examination shall make
a true report of every examination made by them,  verified  under  oath,
which  shall  comprise  only facts appearing upon the books, records, or
other documents of such insurer or other person or as  ascertained  from
the  sworn testimony of its officers or agents or other persons examined
concerning its affairs, and such conclusions and recommendations as  may
reasonably be warranted from such facts.
  (b)  In  connection  with  any such examination the superintendent may
appoint one or more competent persons as appraisers  with  authority  to
appraise  the  real property of such insurer or other person or any real
property on which it holds security. The report of such appraisers shall
be a supplement to the report of the examiner or  examiners  in  charge,
and  shall be subject to notice and hearing as provided in section three
hundred eleven of this article.