New York § 2317 Joint underwriting or joint reinsurance

New York Statutes

§ 2317 — Joint underwriting or joint reinsurance

New York § 2317

Law ISCInsurance

Art. 23Property/casualty Insurance Rates

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Bluebook

N.Y. Insurance § 2317 (2026).

Text

§ 2317. Joint underwriting or joint reinsurance.

(a)Every group,\nassociation or other organization of insurers which engages in joint\nunderwriting or joint reinsurance shall be subject to regulation with\nrespect thereto as herein provided, subject, however, with respect to\njoint underwriting, to all other applicable provisions of this article\nand, with respect to joint reinsurance, to subsection (e) of section two\nthousand three hundred twenty-one and section two thousand three hundred\ntwenty-two of this article.\n (b) If, after hearing, the superintendent finds that any activity or\npractice of any such group, association or other organization is unfair\nor unreasonable or otherwise inconsistent with the provisions of this\narticle, he may issue a written order specifying in wh

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§ 2317. Joint underwriting or joint reinsurance. (a) Every group,\nassociation or other organization of insurers which engages in joint\nunderwriting or joint reinsurance shall be subject to regulation with\nrespect thereto as herein provided, subject, however, with respect to\njoint underwriting, to all other applicable provisions of this article\nand, with respect to joint reinsurance, to subsection (e) of section two\nthousand three hundred twenty-one and section two thousand three hundred\ntwenty-two of this article.\n (b) If, after hearing, the superintendent finds that any activity or\npractice of any such group, association or other organization is unfair\nor unreasonable or otherwise inconsistent with the provisions of this\narticle, he may issue a written order specifying in what respects such\nactivity or practice is unfair or unreasonable or otherwise inconsistent\nwith the provisions of this article, and requiring the discontinuance of\nsuch activity or practice.\n (c) Every such group, association, or other organization of insurers\nshall be subject to examination by the superintendent as often as he may\ndeem it expedient.\n