N.Y. Insurance Law Section 1509
Prohibition of indirect action


No holding company or controlled person shall directly or indirectly or through another person do or cause to be done for or in behalf of the controlled insurer any act intended to affect the insurance operations of the insurer which, if done by the insurer, would violate section four thousand two hundred twenty-eight, four thousand two hundred twenty-nine, four thousand two hundred thirty or any sections specified in § 2402 (Definitions)section two thousand four hundred two of this chapter.

Source: Section 1509 — Prohibition of indirect action, https://www.­nysenate.­gov/legislation/laws/ISC/1509 (updated Sep. 22, 2014; accessed Jun. 22, 2024).

Accessed:
Jun. 22, 2024

Last modified:
Sep. 22, 2014

§ 1509’s source at nysenate​.gov

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