(a) The control of an authorized insurer by another person does not relieve an officer
or director of the insurer of any obligation or liability to which the officer or
director is subject by law. The insurer shall be managed to assure the insurer's separate operating identity
consistent with this code.
(b) This section does not preclude an authorized insurer from having a common management
or joint use of personnel, property, or services with one or more other persons under
an arrangement that meets the standards of Section 823.101(e).
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?
Welcome to FindLaw's Cases & Codes
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.