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This entry was published on 2014-09-22
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SECTION 2317
Joint underwriting or joint reinsurance
Insurance (ISC) CHAPTER 28, ARTICLE 23
§ 2317. Joint underwriting or joint reinsurance. (a) Every group,
association or other organization of insurers which engages in joint
underwriting or joint reinsurance shall be subject to regulation with
respect thereto as herein provided, subject, however, with respect to
joint underwriting, to all other applicable provisions of this article
and, with respect to joint reinsurance, to subsection (e) of section two
thousand three hundred twenty-one and section two thousand three hundred
twenty-two of this article.

(b) If, after hearing, the superintendent finds that any activity or
practice of any such group, association or other organization is unfair
or unreasonable or otherwise inconsistent with the provisions of this
article, he may issue a written order specifying in what respects such
activity or practice is unfair or unreasonable or otherwise inconsistent
with the provisions of this article, and requiring the discontinuance of
such activity or practice.

(c) Every such group, association, or other organization of insurers
shall be subject to examination by the superintendent as often as he may
deem it expedient.