New York § 2124 Stay or suspension of superintendent's determination

New York Statutes

§ 2124 — Stay or suspension of superintendent's determination

New York·Law ISC Insurance·Art. 21 Agents, Brokers, Adjusters, Consultants and Intermediaries

  § 2124. Stay or suspension of superintendent's determination. The\ncommencement of a proceeding under article seventy-eight of the civil\npractice law and rules, to review the action of the superintendent in\nsuspending or revoking or refusing to renew any certificate under this\narticle, shall stay such action of the superintendent for a period of\nthirty days. Such stay shall not be extended for a longer period unless\nthe court shall determine, after a preliminary hearing  of which the\nsuperintendent is notified forty-eight hours in advance, that a stay of\nthe superintendent's action pending the final determination or further\norder of the court will not unduly injure the interests of the people of\nthe state.\n

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§ 2124. Stay or suspension of superintendent's determination. The\ncommencement of a proceeding under article seventy-eight of the civil\npractice law and rules, to review the action of the superintendent in\nsuspending or revoking or refusing to renew any certificate under this\narticle, shall stay such action of the superintendent for a period of\nthirty days. Such stay shall not be extended for a longer period unless\nthe court shall determine, after a preliminary hearing of which the\nsuperintendent is notified forty-eight hours in advance, that a stay of\nthe superintendent's action pending the final determination or further\norder of the court will not unduly injure the interests of the people of\nthe state.\n

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