# N.Y. ISC Law § 1509: Prohibition of indirect action

> New York · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_NY_AISC_A15_S1509

## Section

- **Citation:** N.Y. ISC Law § 1509
- **Heading:** Prohibition of indirect action
- **Jurisdiction:** New York
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** New York Code / Act ISC / Article 15 / Section 1509

## Text

§ 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

## Nearby sections

- [N.Y. ISC Law § 1501 Definitions; determinations](https://www.frixlaw.com/law-library/statutes/STATE_NY_AISC_A15_S1501.md)
- [N.Y. ISC Law § 1502 Exemptions](https://www.frixlaw.com/law-library/statutes/STATE_NY_AISC_A15_S1502.md)
- [N.Y. ISC Law § 1503 Registration](https://www.frixlaw.com/law-library/statutes/STATE_NY_AISC_A15_S1503.md)
- [N.Y. ISC Law § 1504 Reporting; examination; publication](https://www.frixlaw.com/law-library/statutes/STATE_NY_AISC_A15_S1504.md)
- [N.Y. ISC Law § 1505 Transactions within a holding company system affecting controlled insurers](https://www.frixlaw.com/law-library/statutes/STATE_NY_AISC_A15_S1505.md)
- [N.Y. ISC Law § 1506 Acquisition or retention of control of insurers](https://www.frixlaw.com/law-library/statutes/STATE_NY_AISC_A15_S1506.md)
- [N.Y. ISC Law § 1507 Management of controlled insurers](https://www.frixlaw.com/law-library/statutes/STATE_NY_AISC_A15_S1507.md)
- [N.Y. ISC Law § 1508 Acceptance of reports filed with government agencies](https://www.frixlaw.com/law-library/statutes/STATE_NY_AISC_A15_S1508.md)
- [N.Y. ISC Law § 1509 Prohibition of indirect action](https://www.frixlaw.com/law-library/statutes/STATE_NY_AISC_A15_S1509.md)
- [N.Y. ISC Law § 1510 Violations; penalties; jurisdiction over non-domiciliaries](https://www.frixlaw.com/law-library/statutes/STATE_NY_AISC_A15_S1510.md)
- [N.Y. ISC Law § 1511 Expenses for group-wide supervision](https://www.frixlaw.com/law-library/statutes/STATE_NY_AISC_A15_S1511.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_NY_AISC_A15_S1509. Check the current official text before relying on it. Not legal advice.