New York Laws
Article 78 - Life Settlements
7806 - Life Settlement Contract Forms.

(b) Whenever, by the provisions of this chapter, the superintendent
has approved any life settlement contract form, application form, or any
other form, the superintendent may, after notice and hearing given to
the life settlement provider that submitted the form for approval,
withdraw an approval previously given if:
(1) the use of the form is contrary to the requirements applicable to
the form at the time of such withdrawal, or
(2) it contains provisions that are unjust, unfair or inequitable.
Any withdrawal of approval shall be effective at the expiration of
such period, at least ninety days after the giving of notice of
withdrawal or as the superintendent shall in such notice prescribe.

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