N.Y. Insurance Law § 308: Special reports

§ 308. Special reports. (a) (1) The superintendent may also address

to any health maintenance organization, life settlement provider, life

settlement intermediary or its officers, or any authorized insurer or

rate service organization, or officers thereof, any inquiry in relation

to its transactions or condition or any matter connected therewith.

Every corporation or person so addressed shall reply in writing to such

inquiry promptly and truthfully, and such reply shall be, if required by

the superintendent, subscribed by such individual, or by such officer or

officers of a corporation, as the superintendent shall designate, and

affirmed by them as true under the penalties of perjury.

(2) In the event any corporation or person does not provide a good

faith response to an inquiry from the superintendent pursuant to this

section relating to accident insurance, health insurance, accident and

health insurance or health maintenance organization coverage or with

respect to life settlements, within a time period specified by the

superintendent of not less than fifteen business days, the

superintendent is authorized to levy a civil penalty, after notice and

hearing, against such corporation or person not to exceed five hundred

dollars per day for each day beyond the date specified by the

superintendent for response, but in no event shall such penalty exceed

seven thousand five hundred dollars.

(b) In addition to the other reports required by this article, the

superintendent may also require the filing of quarterly or other

statements, which shall be in such form and shall contain such matters

as the superintendent shall prescribe.

(c) The superintendent shall ensure that any contracts entered into,

modified, extended or in any way made or continued with an organization

or administrator to receive, distribute and otherwise administer funds

for the pools specified in section eighteen of chapter two hundred

twenty-six of the laws of nineteen hundred eighty-six and sections three

thousand two hundred thirty-three, four thousand three hundred

twenty-one-a and four thousand three hundred twenty-seven of this

chapter, shall require such organization or pool administrator to submit

the reports required pursuant to section two hundred six of the public

health law at the time and in the format and manner specified in such

section.