Insurance Law 7007 — Legislation
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SECTION 7006
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ARTICLE 70
Captive Insurance Companies
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SECTION 7008
Suspension or revocation of license
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SECTION 7007
Examinations
Insurance (ISC) CHAPTER 28, ARTICLE 70
§ 7007. Examinations. The superintendent may make an examination into
the affairs of any captive insurance company licensed to do a captive
insurance business in this state whenever it is deemed necessary for the
protection of the interests of the people of this state but the
superintendent shall conduct at least one examination every five years.
Such examinations shall be conducted in accordance with the provisions
of sections three hundred ten, three hundred eleven, three hundred
twelve of this chapter and subsection (f) of section two hundred six of
the financial services law.