App.A:7-1. Commissioner may regulate insurance companies
1. The commissioner of banking and insurance of this state shall have power to make, alter, amend and rescind rules and regulations imposing any condition upon the conduct of the business of any insurance company which may be necessary or desirable to maintain sound methods of insurance and to safeguard the interests of policy holders, beneficiaries and the public generally, during the period of such emergency, which rules and regulations shall become inoperative when such emergency shall cease, and an order to that effect shall be made by said commissioner.
(L.1933, c. 45, s. 1, p. 87.)