Insurance Regulation
An insurer ignores the superintendent's request for information made during an investigation under section 2404. What follows?
Answer and explanation
Answer: C. Section 2404 backs the superintendent's request for information with a civil penalty where the person fails to comply. The department is not left without recourse, the certificate is not forfeited by operation of the section, and no prior court process is required.Source: N.Y. Ins. Law § 2404 — § 2404
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