New York Laws
Part 2
2429-E - Examination.

§ 2429-e. Examination. At least once in each calendar year the agency
shall be examined by the superintendent of financial services for the
purposes of determining the agency's net worth and the soundness of its
management and operating policies. The agency shall not, however, be
deemed to be a banking organization. The agency shall pay the cost of
each such examination. Copies of each examination report, including the
findings, conclusions and recommendations of the examiners, shall be
furnished to the agency. The agency shall furnish a complete copy of
each report, including the findings, conclusions and recommendations of
the examiners, to the comptroller.

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