Section 13-391. State supervision

The  superintendent  of  insurance may
  examine the affairs of the  variable  supplements  fund  with  the  same
  powers  and jurisdiction as are applicable in the case of an examination
  of a life insurance company by the superintendent under article three of
  the insurance law. The variable supplements fund  shall  be  subject  to
  assessment  for  expenses  pursuant  to  the provisions of section three
  hundred thirteen of the insurance law,  but  shall  not  be  subject  to
  assessment  under  any  of  the  provisions  of  section  three  hundred
  thirty-two of such law.