N.Y. Insurance Law § 8016: Prohibited transactions by officers, directors and employees

§ 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.