N.Y. Insurance Law § 1210: By-laws of domestic stock life insurance companies

§ 1210. By-laws of domestic stock life insurance companies. No by-law

or amendment or repeal of a by-law of any domestic stock life insurance

company shall be effective until approved by the superintendent. The

superintendent may refuse such approval if he finds that such by-law or

amendment or repeal does not conform with the requirements of law, or is

not equitable to the company's policyholders, or is inconsistent with

the objects and purposes of such company.