Statute · New York Insurance Law
N.Y. Ins. Law § 1602 — Minimum ownership of subsidiaries' shares
N.Y. Ins. Law § 1602
- Type
- Statute
- Source
- New York Insurance Law
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
§ 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.
Citator
N.Y. Ins. Law § 1602 — Minimum ownership of subsidiaries' shares is in force in the current edition of the Code, and nothing recorded condemns it.
§ 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.