Del. Code tit. 18 § 4703

Current through 2024 Legislative Session Act Chapter 510

Section 4703 - Insurance holding corporation defined

Within the intent of this chapter an insurance holding corporation is one owning or proposing to own a controlling stock interest in a stock insurer. Shares owned directly or indirectly by the corporation or by its subsidiary or affiliate corporation, firm or organization or by its officers, directors or principal stockholders shall be deemed to be owned by the corporation for the purposes of this provision.

18 Del. C. § 4703

18 Del. C. 1953, § 4703; 56 Del. Laws, c. 380, § 1.;