N.Y. ISC Law § 1509
This is the official text of N.Y. ISC Law § 1509, part of New York’s ISC Law — part of the compiled statutory law of New York, published by the state as "ISC Law." Browse the sections below, each linked to its official government source.
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Prohibition of indirect action
Official statutory text
§ 1509. Prohibition of indirect action. No holding company or\ncontrolled person shall directly or indirectly or through another person\ndo or cause to be done for or in behalf of the controlled insurer any\nact intended to affect the insurance operations of the insurer which, if\ndone by the insurer, would violate section four thousand two hundred\ntwenty-eight, four thousand two hundred twenty-nine, four thousand two\nhundred thirty or any sections specified in section two thousand four\nhundred two of this chapter.\n
Status: in_force · Read it on the official government site
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