(a) After a final determination against an insurer, the amount of any overcharge received by such insurer during the pendency of the proceedings, with interest thereon, shall upon demand be refunded by the insurer to the persons entitled thereto.\n(b) Any insurer or rate service organization to which the superintendent has directed an order made without a hearing may, within thirty days after notice to it of the order, make written request to the superintendent for a hearing. Pending a hearing and a decision affirming, reversing or modifying his previous action, the superintendent may suspend or postpone the effective date of his previous action.
New York Legal Code