N.Y. ISC Law § 7417
This is the official text of N.Y. ISC Law § 7417, part of New York’s ISC Law — part of the compiled statutory law of New York, published by the state as "ISC Law." Browse the sections below, each linked to its official government source.
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Commencement of a proceeding
Official statutory text
§ 7417. Commencement of a proceeding. The superintendent represented\nby the attorney general shall commence any proceeding under this article\nby an application to the supreme court, in the judicial district in\nwhich the principal office of the insurer is located, for an order\ndirecting such insurer to show cause why the superintendent should not\nhave the requested relief. On the return of such order, and after a full\nhearing, which shall be held without delay, such court shall either deny\nthe application or grant it together with such other relief as the\nnature of the case and the interests of policyholders, creditors,\nshareholders, members, or the public may require.\n
Status: in_force · Read it on the official government site
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