N.Y. Insurance Law § 2317: Joint underwriting or joint reinsurance

§ 2317. Joint underwriting or joint reinsurance. (a) Every group,

association or other organization of insurers which engages in joint

underwriting or joint reinsurance shall be subject to regulation with

respect thereto as herein provided, subject, however, with respect to

joint underwriting, to all other applicable provisions of this article

and, with respect to joint reinsurance, to subsection (e) of section two

thousand three hundred twenty-one and section two thousand three hundred

twenty-two of this article.

(b) If, after hearing, the superintendent finds that any activity or

practice of any such group, association or other organization is unfair

or unreasonable or otherwise inconsistent with the provisions of this

article, he may issue a written order specifying in what respects such

activity or practice is unfair or unreasonable or otherwise inconsistent

with the provisions of this article, and requiring the discontinuance of

such activity or practice.

(c) Every such group, association, or other organization of insurers

shall be subject to examination by the superintendent as often as he may

deem it expedient.