Insurance Law 1602 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 1601 Authority to invest in subsidiaries; businesses of subsidiaries up ARTICLE 16 Subsidiaries of Domestic Property/casualty Insurance Companies and Certain Other Entities next SECTION 1603 Notice of intent to acquire or divest Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email SECTION 1602 Minimum ownership of subsidiaries' shares Insurance (ISC) CHAPTER 28, ARTICLE 16 § 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.