Laws of New York (Last Updated: November 21, 2014) |
ISC Insurance |
Article 17. SUBSIDIARIES OF DOMESTIC LIFE INSURANCE COMPANIES AND CERTAIN OTHER ENTITIES |
Section 1707. Regulations to restrict pyramiding
Latest version.
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The superintendent may adopt regulations designed to prevent an insurer from pyramiding subsidiaries to a degree that, in the judgment of the superintendent, would be materially adverse to the interests of policyholders, subscribers or the people of this state.