Section 846-E. Periodic review of contract performance; renegotiation and termination of contract  


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  • The division shall, by  regulation  hereinafter
      promulgated,  provide for the review, at periodic intervals, which shall
      as far  as  possible  be  coincidental  with  payment  periods,  of  the
      performance  of  companies  under  their  respective  contracts with the
      commissioner. Such  reviews  shall,  among  other  things,  be  for  the
      purposes  of  ascertaining  the  quality  and  quantity  of  the company
      activities performed, the conformity thereof to contract provisions  and
      the  financial integrity and efficiency of the company. Contracts may be
      terminated  by  the  commissioner  upon   a   finding   of   substantial
      non-performance  or  other breach by the company, and contracts shall be
      modified and renegotiated, from time to time, in  light  of  the  actual
      performance, new or changed conditions, or otherwise.