N.Y. Insurance Law § 7007: Examinations

§ 7007. Examinations. The superintendent may make an examination into

the affairs of any captive insurance company licensed to do a captive

insurance business in this state whenever it is deemed necessary for the

protection of the interests of the people of this state but the

superintendent shall conduct at least one examination every five years.

Such examinations shall be conducted in accordance with the provisions

of sections three hundred ten, three hundred eleven, three hundred

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

the financial services law.