Insurance Law 8016 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 8015 Limitations of actions; security up ARTICLE 80 Mutual Holding Company next SECTION 8017 Requirements applicable to a mutual holding company Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email SECTION 8016 Prohibited transactions by officers, directors and employees Insurance (ISC) CHAPTER 28, ARTICLE 80 § 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.