3202 - Withdrawal of approval of policy forms.

§  3202.  Withdrawal  of  approval of policy forms. The superintendent  may, in accordance with section three thousand one hundred ten  of  this  chapter, withdraw an approval previously given to a policy form pursuant  to  section  three  thousand  two  hundred  one  of  this  article.  The  superintendent may also withdraw an approval in the  case  of  any  such  policy  form  (i)  pertaining  to  accident and health insurance, if the  benefits provided therein are unreasonable in relation  to  the  premium  charged,  or if it contains provisions which encourage misrepresentation  or are unjust, unfair, inequitable, misleading, deceptive,  contrary  to  law  or  to  the public policy of this state, or (ii) pertaining to life  insurance, annuity  contract,  group  annuity  certificate,  or  funding  agreement,  if in his judgment the use of such form would be prejudicial  to the interests of policyholders or members, or it contains  provisions  which are unjust, unfair or inequitable.