A contravention of section 57.5 of this Part shall be deemed to be an unfair method of competition or an unfair or deceptive act and practice in the conduct of the business of insurance in this State, and shall be deemed to be a trade practice constituting a determined violation, as defined in Insurance Law section 2402(c), in violation of Insurance Law section 2403.
N.Y. Comp. Codes R. & Regs. Tit. 11 § 57.6