§ 4711. Examinations. (a) The superintendent may examine the affairs
of a municipal cooperative health benefit plan as often as deemed
necessary, but not less than once in every three years, except that the
superintendent may extend the three-year interval to no more than five
years upon determining that the three-year requirement is not necessary
to safeguard the interests of the public or covered persons.

(b) In connection with such examinations, the superintendent may
exercise the powers set forth in sections three hundred six, three
hundred eight, three hundred ten, three hundred eleven, and three
hundred twelve of this chapter and subsection (f) of section two hundred
six and sections three hundred five and three hundred six of the
financial services law, and may also require special reports from a
municipal cooperative health benefit plan as specified in section three
hundred eight of this chapter.

(c) The governing board of every municipal cooperative health benefit
plan shall be responsible for the maintenance of accurate records and
books of account in regard to the plan.