§ 846-e. Periodic review of contract performance; renegotiation and
termination of contract. The division shall, by regulation hereinafter
promulgated, provide for the review, at periodic intervals, which shall
as far as possible be coincidental with payment periods, of the
performance of companies under their respective contracts with the
commissioner. Such reviews shall, among other things, be for the
purposes of ascertaining the quality and quantity of the company
activities performed, the conformity thereof to contract provisions and
the financial integrity and efficiency of the company. Contracts may be
terminated by the commissioner upon a finding of substantial
non-performance or other breach by the company, and contracts shall be
modified and renegotiated, from time to time, in light of the actual
performance, new or changed conditions, or otherwise.