§ 7007. Examinations. The superintendent may make an examination into
the affairs of any captive insurance company licensed to do a captive
insurance business in this state whenever it is deemed necessary for the
protection of the interests of the people of this state but the
superintendent shall conduct at least one examination every five years.
Such examinations shall be conducted in accordance with the provisions
of sections three hundred ten, three hundred eleven, three hundred
twelve of this chapter and subsection (f) of section two hundred six of
the financial services law.