11 CRR-NY 15.6NY-CRR
11 CRR-NY 15.6
11 CRR-NY 15.6
15.6 Withdrawal of approval.
The superintendent may after notice and hearing withdraw an approval previously given pursuant to this Part upon a finding that:
(a) the premiums charged for an approved policy are unreasonable in relation to the benefits provided;
(b) the approved policy is not in compliance with the provisions of this Part at the time of withdrawal; or
(c) the use of an approved policy has results which are unjust, unfair, inequitable, misleading, deceptive, contrary to the public policy of this State or prejudicial to the policyholders of the company.
11 CRR-NY 15.6
Current through July 31, 2021
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IMPORTANT NOTE REGARDING CONTENT CURRENCY: JULY 31, 2023, is the date of the most recently produced official NYCRR supplement covering this rule section. For later updates to this section, if any, please: consult editions of the NYS Register published after this date; or contact the NYS Department of State Division of Admisnistrative Rules at [email protected]. See Help for additional information on the currency of this unofficial version of the NYS Rules.