New York Laws
Article 42 - Life Insurance Companies and Accident and Health Insurance Companies and Legal Services Insurance Companies
4239 - Allocation and Reporting of Income and Expenses of Life Insurers.

(b) The restrictions in subsection (a) hereof as to notice, hearing,
and effective period shall not apply to such regulations or amendments
as may be approved by the superintendent for calendar years as to which
similar regulations or amendments have been adopted by the National
Association of Insurance Commissioners.
(c) If the superintendent finds, after notice and hearing, that any
such insurer has failed to comply with the requirements of this section,
he may order such insurer to change its methods of reporting or to
modify its basis of allocation so as to produce reasonable and equitable
results.

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