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New York Consolidated Laws, Insurance Law - ISC § 8016. Prohibited transactions by officers, directors and employees

Current as of January 01, 2026 | Updated by Findlaw Staff

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.

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Cite this article: FindLaw.com - New York Consolidated Laws, Insurance Law - ISC § 8016. Prohibited transactions by officers, directors and employees - last updated January 01, 2026 | https://codes.findlaw.com/ny/insurance-law/isc-sect-8016/

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