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This entry was published on 2014-09-22
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SECTION 302
Regulations by superintendent
Financial Services Law (FIS) CHAPTER 18-A, ARTICLE 3
§ 302. Regulations by superintendent. (a) The superintendent shall
have the power to prescribe and from time to time withdraw or amend, in
writing, rules and regulations and issue orders and guidance involving
financial products and services, not inconsistent with the provisions of
this chapter, the banking law, the insurance law and any other law in
which the superintendent is given authority:

(1) effectuating any power given to the superintendent under the
provisions of this chapter, the insurance law, the banking law, or any
other law to prescribe forms or make regulations;

(2) interpreting the provisions of this chapter, the insurance law,
the banking law, or any other applicable law; and

(3) governing the procedures to be followed in the practice of the
department.

(b) The superintendent may promulgate a list of financial products and
services excluded from regulation by the superintendent, provided that
such exclusion shall not limit in any way the ability of the
superintendent to take any actions with respect to fraud provided for in
this chapter, the insurance law, the banking law or any other applicable
law.