N.Y. Insurance Law Section 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.

Source: Section 8016 — Prohibited transactions by officers, directors and employees, https://www.­nysenate.­gov/legislation/laws/ISC/8016 (updated Sep. 22, 2014; accessed Dec. 13, 2025).

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Dec. 13, 2025

Last modified:
Sep. 22, 2014

§ 8016. Prohibited transactions by officers, directors & employees's source at nysenate​.gov

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