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§1601
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§1601 . Authority to invest in subsidiaries; businesses of subsidiaries.
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§1601(a)
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(a)
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§1601(a)(1)
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(1) A domestic insurer authorized to make investments by subsection §1403(c) of this chapter may, subject to §1218 of this chapter invest in, or otherwise acquire, subsidiaries engaged or organized to engage in any business lawful under the laws of the jurisdiction in which such subsidiaries are organized.
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§1601(a)(2)
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(2) Notwithstanding the provisions of paragraph (this sub§)(1) ,no assessment corporation, as defined in subsection §6602(b) of this chapter, shall invest in or otherwise acquire, directly or indirectly, an insurance company if such investment or acquisition results in the control of such insurance company by the assessment corporation.
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§1601(b)
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(b) Except as prohibited by paragraph (this §)(a)(2) ,subsidiaries engaged or organized to engage exclusively in owning or investing in insurers, directly or indirectly, are subject to the limitations set forth in §1218 and §1408 of this chapter. Source Data downloaded: 2009-04-09 14: 38: 56; Processed: 2009-05-08 15: 35: 51
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