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the New York Consolidated Laws
2012 New York Consolidated Laws
ISC - Insurance
Article 2 - (205 - 214) ORGANIZATION OF THE DEPARTMENT OF FINANCIAL SERVICES
205 - Gratuities; prohibited payments to department personnel.
Universal Citation:
NY Ins L ยง 205 (2012)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
§ 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.
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