In addition to any other penalties provided by the laws of this State, a violation of this Part may be considered an unfair act or practice in the conduct of the business of insurance in this State and a violation of section 2403 as well as a violation of section 2123 or section 4226 of the Insurance Law.
N.Y. Comp. Codes R. & Regs. Tit. 11 §§ 53-1.5