There is a newer version of the New York Consolidated Laws
2012 New York Consolidated Laws
ISC - Insurance
Article 15 - (1501 - 1510) HOLDING COMPANIES
1509 - Prohibition of indirect action.
NY Ins L § 1509 (2012) What's This?
§ 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 section two thousand four
hundred two of this chapter.
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