N.Y. Insurance Law § 2401: Purpose

§ 2401. Purpose. The purpose of this article is to regulate trade

practices in the business of insurance, including the business of life

settlements, in accordance with the intent of congress as expressed in

Public Law 15, 79th Congress, by defining, or providing for the

determination of, all such practices in this state that constitute

unfair methods of competition or unfair or deceptive acts or practices

and by prohibiting the trade practices so defined or determined.