Home/New York/Statutes/Law ISC: Insurance/Art. 16: Subsidiaries of Domestic Property/casualty Insurance Companies and Certain Other Entities/§ 1613
New York Statutes

§ 1613 — Expenses for group-wide supervision

New York·Law ISC Insurance·Art. 16 Subsidiaries of Domestic Property/casualty Insurance Companies and Certain Other Entities
§ 1613. Expenses for group-wide supervision. An authorized domestic\ninsurer shall be liable for and shall pay the reasonable expenses of the\nsuperintendent's participation in the administration of group-wide\nsupervision of internationally active insurance groups, including the\nengagement of attorneys, actuaries, and any other professionals and all\nreasonable travel expenses.\n

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Nearby Sections

14
§ 1601
Authority to invest in subsidiaries; businesses of subsidiaries
§ 1602
Minimum ownership of subsidiaries' shares
§ 1603
Notice of intent to acquire or divest
§ 1604
Registration
§ 1605
When corporation is deemed a subsidiary
§ 1606
Valuation of shares of subsidiary
§ 1607
Subsidiary's name not to mislead
§ 1608
Relationships and transactions between parent and subsidiary
§ 1609
Prohibitions on investments of subsidiaries
§ 1610
Authority to conduct certain business directly instead of through subsidiary
§ 1611
Aggregate limitations
§ 1612
Regulations
§ 1613
Expenses for group-wide supervision
§ 1614
Confidentiality of reports and filings
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