New York Codes, Rules and Regulations
Title 11 - INSURANCE
Chapter IV - Financial Condition Of Insurer and Reports to Superintendent
Subchapter A - Rules of General Application
Part 78 - Evaluation Of Subsidiaries Of Insurance Companies
Section 78.6 - Foreign and alien insurers
Universal Citation: 11 NY Comp Codes Rules and Regs ยง 78.6
Current through Register Vol. 46, No. 39, September 25, 2024
The minimum ownership requirements imposed on domestic insurers by sections 1602 and 1702 of the Insurance Law shall not be applicable to foreign or alien insurers for the purpose of determining whether an investment in a subsidiary should be disallowed under section 1413 (a) of the Insurance Law.
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