Statute · New York Insurance Law
N.Y. Ins. Law § 205 — Gratuities; prohibited payments to department personnel
N.Y. Ins. Law § 205
- Type
- Statute
- Source
- New York Insurance Law
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
§ 205. Gratuities; prohibited payments to department personnel. (a) No insurer or other person subject to this chapter, nor any other insurer or person shall directly or indirectly confer, or offer to confer, any money or other valuable benefit, whether in the form of payment, loan, credit, or…
Citator
N.Y. Ins. Law § 205 — Gratuities; prohibited payments to department personnel is in force in the current edition of the Code, and nothing recorded condemns it.
§ 205. Gratuities; prohibited payments to department personnel. (a) No insurer or other person subject to this chapter, nor any other insurer or person shall directly or indirectly confer, or offer to confer, any money or other valuable benefit, whether in the form of payment, loan, credit, or otherwise, upon the superintendent, any deputy, or any employee of the department, by way of gratuity or for service or pretended service. Neither the superintendent, any deputy, nor any employee of the department shall accept, or offer to accept, any such money or benefit.
(b) Subsection (a) hereof shall not prohibit the payment of compensation to any stenographer for transcripts of hearings or conferences, except that the superintendent may prescribe, by regulation, the conditions under which such transcripts may be furnished and the compensation therefor.