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2014 New York Laws
ISC - Insurance
Article 15 - (1501 - 1510) HOLDING COMPANIES
1507 - Management of controlled insurers.

NY Ins L § 1507 (2014) What's This?
  1507.  Management  of  controlled insurers. (a) Notwithstanding the
  control of an authorized insurer by any person, the  insurer's  officers
  and  directors  shall  not  thereby  be  relieved  of  any obligation or
  liability to which they would otherwise  be  subject  by  law,  and  the
  insurer shall be managed so as to assure its separate operating identity
  consistent with this chapter.

(b) Nothing herein shall preclude an authorized insurer from having or
  sharing  a  common  management or cooperative or joint use of personnel,
  property or services with one or more other persons  under  arrangements
  meeting  the  standards  of  subsection (a) of section one thousand five
  hundred five of this article.

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