Prohibition of indirect action

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New York Code › Act ISC › Article 15 › Section 1509

This text was captured on Aug 14, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

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§ 1509. Prohibition of indirect action. No holding company or\ncontrolled person shall directly or indirectly or through another person\ndo or cause to be done for or in behalf of the controlled insurer any\nact intended to affect the insurance operations of the insurer which, if\ndone by the insurer, would violate section four thousand two hundred\ntwenty-eight, four thousand two hundred twenty-nine, four thousand two\nhundred thirty or any sections specified in section two thousand four\nhundred two of this chapter.\n

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