N.Y. Insurance Law § 4711: Examinations

§ 4711. Examinations. (a) The superintendent may examine the affairs

of a municipal cooperative health benefit plan as often as deemed

necessary, but not less than once in every three years, except that the

superintendent may extend the three-year interval to no more than five

years upon determining that the three-year requirement is not necessary

to safeguard the interests of the public or covered persons.

(b) In connection with such examinations, the superintendent may

exercise the powers set forth in sections three hundred six, three

hundred eight, three hundred ten, three hundred eleven, and three

hundred twelve of this chapter and subsection (f) of section two hundred

six and sections three hundred five and three hundred six of the

financial services law, and may also require special reports from a

municipal cooperative health benefit plan as specified in section three

hundred eight of this chapter.

(c) The governing board of every municipal cooperative health benefit

plan shall be responsible for the maintenance of accurate records and

books of account in regard to the plan.