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  • SECTION 1601
    Authority to invest in subsidiaries; businesses of subsidiaries
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  • ARTICLE 16
    Subsidiaries of Domestic Property/casualty Insurance Companies and Certain Other Entities
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  • SECTION 1603
    Notice of intent to acquire or divest
    • This entry was published on 2014-09-22
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    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.