2012 New York Consolidated Laws
ISC - Insurance
Article 21 - (2101 - 2137) AGENTS, BROKERS, ADJUSTERS, CONSULTANTS AND INTERMEDIARIES
2128 - Commission and fee sharing prohibited.

 
    § 2128. Commission and fee sharing prohibited. (a) Notwithstanding the
  provisions  of  sections two thousand three hundred twenty-four and four
  thousand two hundred twenty-four of this chapter,  no  insurance  agent,
  insurance  broker, insurance consultant, excess line broker, reinsurance
  intermediary or insurance adjuster shall receive any commissions or fees
  or shares thereof in connection with insurance coverages placed  for  or
  insurance  services rendered to the state, its agencies and departments,
  public  benefit  corporations,  municipalities  and  other  governmental
  subdivisions  in  this  state,  unless  such  insurance agent, insurance
  broker,  insurance   consultant,   excess   line   broker,   reinsurance
  intermediary  or  insurance adjuster actually placed insurance coverages
  on behalf of or rendered insurance services to the state,  its  agencies
  and  departments,  public benefit corporations, municipalities and other
  governmental subdivisions in this state.
    (b) The superintendent shall, by regulation, require insurance agents,
  insurance  brokers,  insurance   consultants,   excess   line   brokers,
  reinsurance  intermediaries  and  insurance adjusters to file disclosure
  statements with the department of financial services and the most senior
  official  of  the  governmental  unit  involved,  with  respect  to  any
  insurance  coverages  placed  for  or insurance services rendered to the
  state,  its  agencies  and  departments,  public  benefit  corporations,
  municipalities and other governmental subdivisions in this state.