§ 201. Declaration of policy. (a) It is the intent of the legislature
that the superintendent shall supervise the business of, and the persons
providing, financial products and services, including any persons
subject to the provisions of the insurance law and the banking law.

(b) The superintendent shall take such actions as the superintendent
believes necessary to:

(1) foster the growth of the financial industry in New York and spur
state economic development through judicious regulation and vigilant
supervision;

(2) ensure the continued solvency, safety, soundness and prudent
conduct of the providers of financial products and services;

(3) ensure fair, timely and equitable fulfillment of the financial
obligations of such providers;

(4) protect users of financial products and services from financially
impaired or insolvent providers of such services;

(5) encourage high standards of honesty, transparency, fair business
practices and public responsibility;

(6) eliminate financial fraud, other criminal abuse and unethical
conduct in the industry; and

(7) educate and protect users of financial products and services and
ensure that users are provided with timely and understandable
information to make responsible decisions about financial products and
services.