Federal and State Laws
New York Laws
New York Insurance Law Article 24 - UNFAIR METHODS OF COMPETITION AND UNFAIR AND DECEPTIVE ACTS AND PRACTICES
2401 - Purpose.
The purpose of this article is to regulate trade practices in the business of insurance, including the business of life settlements, in accordance with the...
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...
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.
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...
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...
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...
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,...
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...
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...
Last modified: February 3, 2019