204 - Prohibited activities and investments of department personnel. - New York Statutes

§ 204. Prohibited activities and investments of department personnel. (a) Neither the superintendent, any deputy, nor any employee of the department, shall be interested, directly or indirectly, in the business of any insurer, agent, broker, adjuster, or other licensee of the department, whether as a security holder, director, officer, attorney, agent, or employee. (b) Subsection (a) hereof shall not prevent any individual from becoming a policyholder of any insurer, or prevent or impair the ability of the superintendent to act as a liquidator, rehabilitator, or conservator, pursuant to article seventy-four of this chapter.