New York Laws
Article 45 - Fraternal Benefit Societies
4521 - Grounds for Revocation or Suspension of License.

(a) that such society has exceeded its powers under its charter or
under its license to do business;
(b) that such society has failed to comply with any requirement of
this chapter applicable thereto;
(c) that such society is conducting its insurance business
fraudulently or in a way hazardous to its members, its creditors or the
public;
(d) that such society is not carrying out its contracts in good faith;
and
(e) in the case of a foreign or alien society, that the society is not
conforming in substance to all of the requirements imposed on domestic
societies, and in such a case, the revocation may be in addition to, or
in lieu of, a proceeding under article seventy-four of this chapter in
the circumstances specified in section four thousand five hundred
nineteen of this article.

Structure New York Laws