{"data":{"id":"us-ny/n.y.-insurance-law-1602","jurisdiction":"us-ny","citation":"N.Y. Insurance Law § 1602","heading":"Minimum ownership of subsidiaries' shares","body":"§ 1602. Minimum ownership of subsidiaries' shares.  A domestic insurer\nshall own not less than fifty-one percent of the issued and outstanding\nvoting shares of each of its subsidiaries.","path":["Insurance Law","Article 16. Subsidiaries of Domestic Property/casualty Insurance Companies and Certain Other Entities"],"source_url":"https://legislation.nysenate.gov/api/3/laws/ISC/1602","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:45Z","sha256":"21f9dcf4a86aef8d6c7516ed7ad4519ab23b6f9ad78739f0c660740d7be03862","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-insurance-law-1601","next":"us-ny/n.y.-insurance-law-1603"},"notice":"GroundRules: Original legal text. Not legal advice."}