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New York Insurance - Article 24 - (2401 - 2409) Unfair Methods of Competition and Unfair and Deceptive Acts and Practices

Legal Research Home > New York Laws > New York Insurance (ISC) > New York Insurance - Article 24 - (2401 - 2409) Unfair Methods of Competition and Unfair and Deceptive Acts and Practices

  • New York Insurance - Article 24 - Unfair Methods of Competition and Unfair and Deceptive Acts and Practices
    Section 2401. Purpose. 2402. Definitions. 2403. Unfair methods of competition or unfair and deceptive acts or practices prohibited. 2404. Power of superintendent. 2405. Hearings and...
  • New York Insurance - § 2401 - Purpose
    of this article is to regulate trade practices in the business of insurance, including the business of life settlements, in accordance with the intent of...
  • New York Insurance - § 2402 - Definitions
    In this article: (a) "Person" means any individual and any legal entity subject to any provision of this chapter, engaged in the business of insurance...
  • New York Insurance - § 2403 - Unfair Methods of Competition or Unfair and Deceptive Acts or Practices Prohibited
    No person shall engage in this state in any trade practice constituting a defined violation or a determined violation as defined herein.
  • New York Insurance - § 2404 - Power of Superintendent
    The superintendent is empowered to examine and investigate into the affairs of any person in order to determine whether the person has violated or is...
  • New York Insurance - § 2405 - Hearings and Reports on Defined Violations and Determined Violations
    (a) Whenever the superintendent has reason to believe that a person has committed or is committing a defined violation or has been engaged in or...
  • New York Insurance - § 2406 - Procedure After Report; Defined Violation
    (a) If the hearing was on a charge of a defined violation the superintendent shall make an order on his report and serve a copy...
  • New York Insurance - § 2407 - Procedure After Report; Determined Violation
    (a) If the report charges a determined violation and if the method of competition, act or practice constituting such determined violation has not been discontinued,...
  • New York Insurance - § 2408 - Judicial Review by Intervenor
    If the report of the superintendent made pursuant to subsection (c) of section two thousand four hundred five of this article or the order of...
  • New York Insurance - § 2409 - Effect on Other Powers and Laws
    (a) The powers vested in the superintendent by this article shall be additional to any other powers to enforce any penalties, fines or forfeitures authorized...