§ 11-902 General powers of the commissioner of finance.
AC § 11-902
In addition to all other powers granted to the commissioner of finance under this chapter, the commissioner is hereby authorized and empowered: 1. To make, adopt and amend rules and regulations appropriate to the carrying out of this chapter and the purposes thereof.
2.To compromise disputed claims in connection with taxes hereby imposed.
3.To delegate his or her functions hereunder to any officer or employee of the department of finance.
4.To prescribe reasonable methods, approved by the New York superintendent of insurance, for determining the amounts of premiums subject to the tax.
5.To require any foreign or alien insurer subject to the tax to keep detailed records of the premiums in a manner reasonably designed to show the amounts thereof subject to the tax and to furnish such information on request.
6.To assess, determine, revise and adjust the tax imposed under this chapter.
7.To audit the reports of any insurer.
8.To allow an extension of time not in excess of thirty days for filing the report and paying the tax required by this chapter, provided the taxpayer requests such extension in writing prior to the date prescribed for such filing and such payment by sections 11-904 and 11-903 of this chapter.
