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New York Insurance - Article 16 - (1601 - 1612) Subsidiaries of Domestic Property/casualty Insurance Companies and Certain Other Entities

Legal Research Home > New York Laws > New York Insurance (ISC) > New York Insurance - Article 16 - (1601 - 1612) Subsidiaries of Domestic Property/casualty Insurance Companies and Certain Other Entities

  • New York Insurance - Article 16 - Subsidiaries of Domestic Property/casualty Insurance Companies and Certain Other Entities
    Section 1601. Authority to invest in subsidiaries; businesses of subsidiaries. 1602. Minimum ownership of subsidiaries' shares. 1603. Notice of intent to acquire. 1605. When corporation...
  • New York Insurance - § 1601 - Authority to Invest in Subsidiaries; Businesses of Subsidiaries
    (a) (1) A domestic insurer authorized to make investments by subsection (c) of section one thousand four hundred three of this chapter may, subject to...
  • New York Insurance - § 1602 - Minimum Ownership of Subsidiaries' Shares
    A domestic insurer shall own not less than fifty-one percent of the issued and outstanding voting shares of each of its subsidiaries.
  • New York Insurance - § 1603 - Notice of Intent to Acquire
    (a) No acquisition of a majority of any corporation's outstanding common shares shall be made pursuant to this article unless a notice of intention of...
  • New York Insurance - § 1605 - When Corporation Is Deemed a Subsidiary
    (a) For the purposes of this article: (1) any corporation a majority of whose outstanding voting shares is owned or controlled by another corporation shall...
  • New York Insurance - § 1606 - Valuation of Shares of Subsidiary
    In determining the financial condition of a domestic insurance company, all shares of its subsidiaries held pursuant to this article shall be valued in accordance...
  • New York Insurance - § 1607 - Subsidiary's Name Not to Mislead
    The name of any corporation which is a subsidiary of a domestic insurance company shall not be such as to mislead or deceive the public.
  • New York Insurance - § 1608 - Relationships and Transactions Between Parent and Subsidiary
    (a) The business operations, corporate proceedings and fiscal and accounting records of subsidiaries organized or acquired pursuant to this article shall be conducted or maintained...
  • New York Insurance - § 1609 - Prohibitions on Investments of Subsidiaries
    No subsidiary acquired by a domestic insurance company pursuant to this article shall make any investment prohibited by subsection (a) of section one thousand four...
  • New York Insurance - § 1610 - Authority to Conduct Certain Business Directly Instead of Through Subsidiary
    (a) A domestic insurance company subject to this article may, provided that it maintains books and records which separately account for such business, engage directly...
  • New York Insurance - § 1611 - Aggregate Limitations
    (a) The aggregate investment by the insurer and its subsidiaries in assets which are owned, managed or acquired pursuant to this article shall not exceed...
  • New York Insurance - § 1612 - Regulations
    , not inconsistent with this chapter, as may be appropriate to carry out this article and, insofar as applicable to this article, other provisions of...