Section 3202. Withdrawal of approval of policy forms  


Latest version.
  • The superintendent
      may, in accordance with section three thousand one hundred ten  of  this
      chapter, withdraw an approval previously given to a policy form pursuant
      to  section  three  thousand  two  hundred  one  of  this  article.  The
      superintendent may also withdraw an approval in the  case  of  any  such
      policy  form  (i)  pertaining  to  accident and health insurance, if the
      benefits provided therein are unreasonable in relation  to  the  premium
      charged,  or if it contains provisions which encourage misrepresentation
      or are unjust, unfair, inequitable, misleading, deceptive,  contrary  to
      law  or  to  the public policy of this state, or (ii) pertaining to life
      insurance, annuity  contract,  group  annuity  certificate,  or  funding
      agreement,  if in his judgment the use of such form would be prejudicial
      to the interests of policyholders or members, or it contains  provisions
      which are unjust, unfair or inequitable.