(b) A parent corporation, other than a parent corporation required to
register as a controlled insurer pursuant to section one thousand five
hundred three of this chapter, shall adopt a formal enterprise risk
management function and shall file an enterprise risk report with the
superintendent by April thirtieth of each year. The report shall, to the
best of the parent corporation's knowledge and belief, identify the
material risks within any subsidiary that could pose enterprise risk to
the parent corporation.
Structure New York Laws
Article 17 - Subsidiaries of Domestic Life Insurance Companies and Certain Other Entities
1701 - Authority to Invest in Subsidiaries; Businesses of Subsidiaries.
1703 - Standard of Care for Investments in Subsidiaries.
1704 - Exemptions Applicable to Subsidiaries; Limitations Generally.
1705 - Quantitative Limitations.
1706 - Exemptions Applicable to Parent Corporation.
1707 - Regulations to Restrict Pyramiding.
1709 - Confidentiality of Information Reports.
1710 - Divestiture of Control; Superintendent's Power to Order Disposition of Subsidiaries.
1711 - Subsidiary's Name Not to Mislead.
1712 - Relationships and Transactions Between Parent Corporation and Subsidiary.
1713 - Prohibitions on Investments of Subsidiaries.
1714 - Authority to Conduct Certain Business Directly Instead of Through Subsidiary.