Section 2317. Joint underwriting or joint reinsurance  


Latest version.
  • (a) Every group,
      association or other organization of insurers  which  engages  in  joint
      underwriting  or  joint  reinsurance shall be subject to regulation with
      respect thereto as herein provided, subject, however,  with  respect  to
      joint  underwriting,  to all other applicable provisions of this article
      and, with respect to joint reinsurance, to subsection (e) of section two
      thousand three hundred twenty-one and section two thousand three hundred
      twenty-two of this article.
        (b) If, after hearing, the superintendent finds that any  activity  or
      practice  of any such group, association or other organization is unfair
      or unreasonable or otherwise inconsistent with the  provisions  of  this
      article,  he  may issue a written order specifying in what respects such
      activity or practice is unfair or unreasonable or otherwise inconsistent
      with the provisions of this article, and requiring the discontinuance of
      such activity or practice.
        (c) Every such group, association, or other organization  of  insurers
      shall be subject to examination by the superintendent as often as he may
      deem it expedient.