§ 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
N.Y. Ins. Law § 1509
Prohibition of indirect action
Applied in 1 court decision — leading case Breakaway Courier Corp. v. Berkshire Hathaway, Inc. (2021)
Most recently applied in Breakaway Courier Corp. v. Berkshire Hathaway, Inc. (March 2021)
2014-09-22
Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.