Statute · New York Insurance Law
N.Y. Ins. Law § 8016 — Prohibited transactions by officers, directors and employees
N.Y. Ins. Law § 8016
- Type
- Statute
- Source
- New York Insurance Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 8016. Prohibited transactions by officers, directors and employees. No director, officer, agent or employee of the reorganizing insurer shall receive any fee, commission or other valuable consideration whatsoever, other than regular salary and compensation, for in any manner aiding, promoting…
Citator
N.Y. Ins. Law § 8016 — Prohibited transactions by officers, directors and employees is in force in the current edition of the Code, and nothing recorded condemns it.
§ 8016. Prohibited transactions by officers, directors and employees. No director, officer, agent or employee of the reorganizing insurer shall receive any fee, commission or other valuable consideration whatsoever, other than regular salary and compensation, for in any manner aiding, promoting or assisting in the reorganization except as set forth in the plan approved by the superintendent.