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Statutes > New York Laws > ISC - Insurance > Article 16 - (1601 - 1612) SUBSIDIARIES OF DOMESTIC PROPERTY/CASUALTY INSURANCE COMPANIES AND CERTAIN OTHER ENTITIES > 1602 - Minimum ownership of subsidiaries' shares.

STATE STATUTES & CODES

NEW YORK STATUTES AND CODES

1602 - Minimum ownership of subsidiaries' shares.

§ 1602. Minimum ownership of subsidiaries' shares. A domestic insurer shall own not less than fifty-one percent of the issued and outstanding voting shares of each of its subsidiaries.

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