Insurance Law 1509 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 1508 Acceptance of reports filed with government agencies up ARTICLE 15 Holding Companies next SECTION 1510 Violations; penalties; jurisdiction over non-domiciliaries Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email SECTION 1509 Prohibition of indirect action Insurance (ISC) CHAPTER 28, ARTICLE 15 § 1509. Prohibition of indirect action. No holding company or controlled person shall directly or indirectly or through another person do or cause to be done for or in behalf of the controlled insurer any act intended to affect the insurance operations of the insurer which, if done by the insurer, would violate section four thousand two hundred twenty-eight, four thousand two hundred twenty-nine, four thousand two hundred thirty or any sections specified in section two thousand four hundred two of this chapter.