N.Y. Insurance Law § 7417: Commencement of a proceeding

§ 7417. Commencement of a proceeding. The superintendent represented

by the attorney general shall commence any proceeding under this article

by an application to the supreme court, in the judicial district in

which the principal office of the insurer is located, for an order

directing such insurer to show cause why the superintendent should not

have the requested relief. On the return of such order, and after a full

hearing, which shall be held without delay, such court shall either deny

the application or grant it together with such other relief as the

nature of the case and the interests of policyholders, creditors,

shareholders, members, or the public may require.