102 – Declaration.

§ 102. Declaration. The legislature hereby declares that the purpose of this chapter is to recodify, without substantive change, the insurance law in effect immediately prior to the effective date of this chapter.

104 – Continuation of Existing Offices, Licenses, Approvals and Proceedings.

§ 104. Continuation of existing offices, licenses, approvals and proceedings. (a) All persons who, at the effective date of this chapter, held any office in the department shall continue to hold such office under and subject to this chapter. (b) Every license of an insurer, insurance agent, insurance broker, public adjuster, reinsurance intermediary, insurance consultant […]

106 – Construction of References.

§ 106. Construction of references. (a) In this chapter, unless otherwise stated or required by the context: (1) All references to a part, title, article or section number or letter refer to the part, title, article or section so numbered or lettered in this chapter, and all references in any section of this chapter to […]

107 – Definitions of Terms of General Use in This Chapter.

§ 107. Definitions of terms of general use in this chapter. (a) In this chapter, unless the context otherwise requires: (1) “Accident and health insurance company”, means any corporation having power to do the kinds of insurance business specified in item (i) of paragraph three of subsection (a) of section one thousand one hundred thirteen […]

108 – Applicability of Business Corporation Law to Insurers.

§ 108. Applicability of business corporation law to insurers. (a) The business corporation law applies to every corporation heretofore or hereafter formed under: (1) this chapter, except corporations subject to section one thousand one hundred ten or article forty-three, forty-five, forty-six or sixty-seven of this chapter, or a captive insurance company formed in accordance with […]

109 – Penalties; Civil Actions.

§ 109. Penalties; civil actions. (a) Every violation of any provision of this chapter shall, unless the same constitutes a felony, be a misdemeanor. (b) Every penalty imposed by this section shall be in addition to any penalty or forfeiture otherwise provided by law. (c) (1) If the superintendent finds after notice and hearing that […]

110 – Cooperation With Other Regulatory Agencies.

§ 110. Cooperation with other regulatory agencies. (a) In order to assist in the performance of the superintendent’s duties under this chapter, the superintendent: (1) may share documents, materials or other information, including confidential and privileged documents, materials or information with other state, federal, and international regulatory agencies, with the National Association of Insurance Commissioners, […]

111 – Investigation by the Superintendent With Respect to Prescription Drugs.

§ 111. Investigation by the superintendent with respect to prescription drugs. (a) Whenever it shall appear to the superintendent, either upon complaint or otherwise, that in the advertisement, purchase or sale within this state of any prescription drug, which is contemplated to be paid by a policy approved by the department for offering within the […]