N.Y. Insurance Law § 309: Examinations of insurers; when authorized or required

§ 309. Examinations of insurers; when authorized or required. (a) The

superintendent may make an examination into the affairs of any insurance

corporation or other insurer doing or authorized to do any insurance

business in this state or, of any pension fund, retirement system or

other organization which is required by law to make reports to, or is

subject to examination by, the department as often as he deems it

expedient for the protection of the interests of the people of this

state, in addition to examinations authorized by other provisions of

this chapter.

(b) The superintendent shall make an examination into the affairs:

(1) of every authorized domestic fraternal benefit society and every

domestic property/casualty insurance company, at least once in every

three years; except that the superintendent may extend the three year

interval to not more than five years with respect to a property/casualty

insurance company, upon determining that the three year requirement is

not necessary to safeguard the interests of the public or policyholders;

(2) of every domestic life insurance company, at least once in every

five years; and

(3) of every other authorized domestic insurer and every rate service

organization which makes or files rates, whether or not advisory, at

least once in every five years.

* (c) As part of an examination, the superintendent shall review

determinations of coverage for substance use disorder treatment and

shall ensure that such determinations are issued in compliance with

sections three thousand two hundred sixteen, three thousand two hundred

twenty-one, four thousand three hundred three, and title one of article

forty-nine of this chapter.

* NB Effective until January 1, 2027

* (c) As part of an examination, the superintendent shall review

determinations of coverage for substance-related and addictive disorder

services and shall ensure that such determinations are issued in

compliance with sections three thousand two hundred sixteen, three

thousand two hundred twenty-one, four thousand three hundred three, and

title one of article forty-nine of this chapter.

* NB Effective January 1, 2027