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2015 New York Laws
ISC - Insurance
Article 80 - (Insurance) MUTUAL HOLDING COMPANY
8016 - Prohibited transactions by officers, directors and employees.

NY Ins L § 8016 (2015) What's This?
  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.

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