N.Y. Comp. Codes R. & Regs. tit. 3 § 406.7

Current through Register Vol. 46, No. 45, November 2, 2024

Section 406.7 - Examinations

The superintendent shall have the power to examine any licensee at any time when in the judgment of the superintendent such examination is necessary or advisable to determine:

(a) the financial condition of the licensee;

(b) the safety and soundness of the conduct of its business;

(c) the policies of its management;

(d) whether the requirements of law have been complied with in the administration of its affairs;

(e) whether the licensee has policies and procedures sufficient to control the activities of any authorized agents; and

(f) such other matters, as the superintendent may determine, including but not limited to any activities of the licensee outside this State if in the opinion of the superintendent such activities may affect the licensee's money transmission business in this State.

N.Y. Comp. Codes R. & Regs. Tit. 3 § 406.7