§ 560. Investigations and examinations.
1.The superintendent shall\nhave the power to make such investigations as he shall deem necessary to\ndetermine whether any licensee or any other person has violated any of\nthe provisions of this article, or whether any licensee has conducted\nhimself in such manner as would justify the revocation of his license,\nand to the extent necessary therefor, he may require the attendance of\nand examine any person under oath, and shall have the power to compel\nthe production of all relevant books, records, accounts, and documents.\n 2. The superintendent shall have the power to make such examinations\nof the books, records, accounts and documents used in the business of\nany licensee as he shall deem necessary to determine whether any such\nlicensee h
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§ 560. Investigations and examinations. 1. The superintendent shall\nhave the power to make such investigations as he shall deem necessary to\ndetermine whether any licensee or any other person has violated any of\nthe provisions of this article, or whether any licensee has conducted\nhimself in such manner as would justify the revocation of his license,\nand to the extent necessary therefor, he may require the attendance of\nand examine any person under oath, and shall have the power to compel\nthe production of all relevant books, records, accounts, and documents.\n 2. The superintendent shall have the power to make such examinations\nof the books, records, accounts and documents used in the business of\nany licensee as he shall deem necessary to determine whether any such\nlicensee has violated any of the provisions of this article.\n 3. The expenses incurred in making any examination pursuant to\nsubdivision two of this section five hundred sixty shall be assessed\nagainst and paid by the licensee so examined, except that traveling and\nsubsistence expenses so incurred shall be charged against and paid by\nlicensees in such proportions as the superintendent shall deem just and\nreasonable, and such proportionate charges shall be added to the\nassessment of the other expenses incurred upon each examination. Upon\nwritten notice by the superintendent of the total amount of such\nassessment, the licensee shall become liable for and shall pay such\nassessment to the superintendent.\n 4. All reports of examinations and investigations, and all\ncorrespondence and memoranda concerning or arising out of such\nexaminations or investigations, including any duly authenticated copy or\ncopies thereof in the possession of any licensee or the department of\nfinancial services, shall be confidential communications, shall not be\nsubject to subpoena and shall not be made public unless, in the judgment\nof the superintendent, the ends of justice and the public advantage will\nbe subserved by the publication thereof, in which event he may publish\nor authorize the publication of a copy of any such report or other\nmaterial referred to in this subdivision four, or any part thereof, in\nsuch manner as he may deem proper.\n