1. The Laws of New York
  2. Consolidated Laws
  3. Insurance
  4. Article 2: Organization of the Department of Financial Services


Section 205 Gratuities; prohibited payments to department personnel

Insurance (ISC)

(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.