N.Y. Insurance Law § 3202: Withdrawal of approval of policy forms

§ 3202. Withdrawal of approval of policy forms. The superintendent

may, in accordance with section three thousand one hundred ten of this

chapter, withdraw an approval previously given to a policy form pursuant

to section three thousand two hundred one of this article. The

superintendent may also withdraw an approval in the case of any such

policy form (i) pertaining to accident and health insurance, if the

benefits provided therein are unreasonable in relation to the premium

charged, or if it contains provisions which encourage misrepresentation

or are unjust, unfair, inequitable, misleading, deceptive, contrary to

law or to the public policy of this state, or (ii) pertaining to life

insurance, annuity contract, group annuity certificate, or funding

agreement, if in his judgment the use of such form would be prejudicial

to the interests of policyholders or members, or it contains provisions

which are unjust, unfair or inequitable.