12 CFR § 380.5 - Treatment of covered financial companies that are subsidiaries of insurance companies.
---
identifier: "/us/cfr/t12/s380.5"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 380.5 - Treatment of covered financial companies that are subsidiaries of insurance companies."
title_number: 12
title_name: "Banks and Banking"
section_number: "380.5"
section_name: "Treatment of covered financial companies that are subsidiaries of insurance companies."
chapter_name: "FEDERAL DEPOSIT INSURANCE CORPORATION"
subchapter_number: "B"
subchapter_name: "REGULATIONS AND STATEMENTS OF GENERAL POLICY"
part_number: "380"
part_name: "ORDERLY LIQUIDATION AUTHORITY"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 5385(h); 12 U.S.C. 5389; 12 U.S.C. 5390(s)(3); 12 U.S.C. 5390(b)(1)(C); 12 U.S.C. 5390(a)(7)(D); 12 U.S.C. 5381(b); 12 U.S.C. 5390(r); 12 U.S.C. 5390(a)(16)(D)."
regulatory_source: "76 FR 4215, Jan. 25, 2011, unless otherwise noted."
cfr_part: "380"
---
# 380.5 Treatment of covered financial companies that are subsidiaries of insurance companies.
The Corporation as receiver shall distribute the value realized from the liquidation, transfer, sale or other disposition of the direct or indirect subsidiaries of an insurance company, that are not themselves insurance companies, solely in accordance with the order of priorities set forth in 12 U.S.C. 5390(b)(1) and the regulations promulgated thereunder.
[76 FR 41640, July 15, 2011]