Insurance Law 1707 — Legislation
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SECTION 1706
Exemptions applicable to parent corporation
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ARTICLE 17
Subsidiaries of Domestic Life Insurance Companies and Certain Other Entities
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SECTION 1708
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SECTION 1707
Regulations to restrict pyramiding
Insurance (ISC) CHAPTER 28, ARTICLE 17
§ 1707. Regulations to restrict pyramiding. The superintendent may
adopt regulations designed to prevent an insurer from pyramiding
subsidiaries to a degree that, in the judgment of the superintendent,
would be materially adverse to the interests of policyholders,
subscribers or the people of this state.