New York Codes, Rules and Regulations
Title 11 - INSURANCE
Chapter I - GENERAL PROVISIONS
Part 10 - Proxies, Consents And Authorizations Of Domestic Stock Insurers
Section 10.1 - Application of part 10

This Part is applicable to all domestic stock insurers having 100 or more stockholders; provided, however, that this Part shall not apply to any insurer if 95 percent or more of its stock is owned or controlled by a parent or an affiliated insurer and the remaining shares are held by less than 500 stockholders. A domestic stock insurer which files with the Securities and Exchange Commission forms of proxies, consents and authorizations complying with the requirements of the Securities and Exchange Act of 1934 and the Securities and Exchange Commission promulgated thereunder shall be exempt from the provisions of this Part.