NY A10292

Defines an examination as closed when the superintendent adopts the report on examination.

Requires the superintendent to notify the insured of examination findings, any fines to be imposed, and the nature of any regulatory action before adopting the report.

Establishes a ten-day deadline for requesting a hearing after receipt of notice, with hearings held before the superintendent or deputy superintendent.

Requires the report to be adopted and filed for public inspection within six months after written acceptance by the insurer or final hearing completion.

Prohibits the superintendent from imposing fines or taking regulatory action unless the amount or nature of such action was disclosed in the initial notice to the insurer.