2010 New York Code
GOB - General Obligations
Article 5 - CREATION, DEFINITION AND ENFORCEMENT OF CONTRACTUAL OBLIGATIONS
Title 17 - (5-1701 - 5-1709) STRUCTURED SETTLEMENT PROTECTION ACT
5-1708-A - Waiver for families of victims of terrorist attacks.

§  5-1708-a.  Waiver  for  families  of  victims of terrorist attacks.
  Notwithstanding the provisions of  section  four  thousand  two  hundred
  twenty-four of the insurance law:
    (a)  An annuity issuer, or an employee or other representative of such
  issuer, shall be permitted to waive or offer to waive the commission  or
  other  compensation otherwise payable thereto as a result of the sale of
  a policy or contract subject to the provisions of section four  thousand
  two  hundred  twenty-four  of  the  insurance  law  to  a  member of the
  immediate family of a person who was a victim of the September eleventh,
  two thousand one terrorist attacks against the United States; and
    (b) In connection with such waiver, the insurance company may, at  the
  election of the policyowner or contract owner:
    (i)   contribute  the  amount  of  such  waived  commission  or  other
  compensation to a charitable organization that meets the requirements of
  section 501(c)(3) of the Internal Revenue Code of 1986, as amended,  and
  is organized for the benefit of families of victims of such attack; or
    (ii) deduct from the premium an amount equal to such waived commission
  or other compensation otherwise payable thereto as a result of the sale.
    (c)  For  purposes  of  this  section,  the term "victim" shall mean a
  decedent who died as a result of wounds or injury incurred as  a  result
  of  the terrorist attacks against the World Trade Center or the Pentagon
  on September  eleventh,  two  thousand  one,  or  the  terrorist-related
  aircraft  crash  in Pennsylvania on such date, but shall not include any
  individual identified by the United States attorney general to have been
  a participant or conspirator in such attack or a representative of  such
  an individual.
    (d)  An  issuer  seeking  to  avail  itself  of the provisions of this
  section  shall  first  submit  its  plan  of   implementation   to   the
  superintendent of insurance for prior approval. If the plan is approved,
  such  issuer  shall  thereafter,  upon  request  of such superintendent,
  submit a report to such superintendent regarding its experience  in  the
  implementation of such provisions.