2012 New York Consolidated Laws
ISC - Insurance
Article 21 - (2101 - 2137) AGENTS, BROKERS, ADJUSTERS, CONSULTANTS AND INTERMEDIARIES
2116 - Insurance brokers; commissions.

 
    * §  2116. Insurance brokers; commissions. No insurer authorized to do
  business in this state, and no officer, agent  or  other  representative
  thereof,  shall  pay  any  money or give any other thing of value to any
  person, firm, association or corporation for or because of  his  or  its
  acting  in  this state as an insurance broker, unless such person, firm,
  association or corporation is authorized  so  to  act  by  virtue  of  a
  license  issued  or  renewed  pursuant  to the provisions of section two
  thousand one hundred four of this article.  For  the  purposes  of  this
  section,  "acting as insurance broker" shall not include the referral of
  a person to a licensed insurance agent or broker that does not include a
  discussion of specific insurance policy terms and conditions  and  where
  the  compensation  for  referral  is  not  based  upon  the  purchase of
  insurance by such person.
    * NB Effective until September 10, 2014
    * § 2116. Insurance brokers; commissions. No insurer authorized to  do
  business  in  this  state, and no officer, agent or other representative
  thereof, shall pay any money or give any other thing  of  value  to  any
  person,  firm,  association  or corporation for or because of his or its
  acting in this state as an insurance broker, unless such  person,  firm,
  association  or  corporation  is  authorized  so  to  act by virtue of a
  license issued or renewed pursuant to  the  provisions  of  section  two
  thousand one hundred four of this article.
    * NB Effective September 10, 2014