§ 1507. Management of controlled insurers. (a) Notwithstanding the
control of an authorized insurer by any person, the insurer's officers
and directors shall not thereby be relieved of any obligation or
liability to which they would otherwise be subject by law, and the
insurer shall be managed so as to assure its separate operating identity
consistent with this chapter.

(b) Nothing herein shall preclude an authorized insurer from having or
sharing a common management or cooperative or joint use of personnel,
property or services with one or more other persons under arrangements
meeting the standards of subsection (a) of section one thousand five
hundred five of this article.