§ 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.
Regulations to restrict pyramiding
N.Y. Insurance Law § 1707, under Subsidiaries of Domestic Life Insurance Companies and Certain Other Entities.
N.Y. Insurance Law § 1707