New York Laws
Article 3 - Administrative and Procedural Provisions
325 - Records of Domestic Insurers.

(b) A domestic insurer and a licensed United States branch of an alien
insurer entered through this state may keep and maintain its books of
account without this state if, in accordance with a plan adopted by its
board of directors and approved by the superintendent, it maintains in
this state suitable records in lieu thereof; provided, however, that the
superintendent may after notice and hearing direct such insurer to
return all or any of its books of account to this state if such return
is reasonably necessary to protect the interests of the people of this
state or to permit their inspection in this state by a director, a
shareholder, or, in the case of a mutual insurer, a policyholder, who
has shown to the satisfaction of the superintendent that he has made an
application to such insurer for inspection of such books in good faith
and for a necessary and legitimate purpose, and that such insurer has
either declined to permit such inspection without this state or to agree
to pay any additional expenses reasonably to be incurred by the
applicant or his agent or attorney in connection with the inspection of
such books as a result of their maintenance without this state. If in
the judgment of the superintendent delay in the return of any or all
books of account of such insurer may be hazardous, or may cause
irreparable injury, to the people of this state or to the policyholders
of such insurer he may direct the return thereof without notice and
hearing.
(c) Notwithstanding the provisions of subsections (a) and (b) of this
section, any licensed United States branch of an alien insurer entered
through this state which keeps and maintains its books of account
without this state on April first, nineteen hundred eighty-seven may
continue to do so, unless the superintendent determines, after notice
and hearing, that the return of such books to this state is reasonably
necessary to protect the interests of the people of this state.