N.Y. Insurance Law Section 1706
Exemptions applicable to parent corporation

Except as provided in subsection (d) of § 1405 (Investments of life insurers)section one thousand four hundred five of this chapter and except for investments deemed to be made or acquired directly by the parent corporation (as provided in subsection (d) of § 1704 (Exemptions applicable to subsidiaries)section one thousand seven hundred four of this article), investments by parent corporations in subsidiaries are not subject to the limitations on the making of investments provided for in section one thousand four hundred three, section one thousand four hundred four (in the case of insurers making investments under section one thousand four hundred four) or section one thousand four hundred five (in the case of insurers making investments under section one thousand four hundred five) of this chapter.

Source: Section 1706 — Exemptions applicable to parent corporation, https://www.­nysenate.­gov/legislation/laws/ISC/1706 (updated Sep. 22, 2014; accessed Dec. 21, 2024).

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Accessed:
Dec. 21, 2024

Last modified:
Sep. 22, 2014

§ 1706’s source at nysenate​.gov

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