New York § 4711 Examinations

New York Statutes

§ 4711 — Examinations

New York § 4711

Law ISCInsurance

Art. 47Municipal Cooperative Health Benefit Plans

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Bluebook

N.Y. Insurance § 4711 (2026).

Text

§ 4711. Examinations.

(a)The superintendent may examine the affairs\nof a municipal cooperative health benefit plan as often as deemed\nnecessary, but not less than once in every three years, except that the\nsuperintendent may extend the three-year interval to no more than five\nyears upon determining that the three-year requirement is not necessary\nto safeguard the interests of the public or covered persons.\n (b) In connection with such examinations, the superintendent may\nexercise the powers set forth in sections three hundred six, three\nhundred eight, three hundred ten, three hundred eleven, and three\nhundred twelve of this chapter and subsection (f) of section two hundred\nsix and sections three hundred five and three hundred six of the\nfinancial services law, and may also r

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§ 4711. Examinations. (a) The superintendent may examine the affairs\nof a municipal cooperative health benefit plan as often as deemed\nnecessary, but not less than once in every three years, except that the\nsuperintendent may extend the three-year interval to no more than five\nyears upon determining that the three-year requirement is not necessary\nto safeguard the interests of the public or covered persons.\n (b) In connection with such examinations, the superintendent may\nexercise the powers set forth in sections three hundred six, three\nhundred eight, three hundred ten, three hundred eleven, and three\nhundred twelve of this chapter and subsection (f) of section two hundred\nsix and sections three hundred five and three hundred six of the\nfinancial services law, and may also require special reports from a\nmunicipal cooperative health benefit plan as specified in section three\nhundred eight of this chapter.\n (c) The governing board of every municipal cooperative health benefit\nplan shall be responsible for the maintenance of accurate records and\nbooks of account in regard to the plan.\n