N.Y. Ins. Law § 4215

§ 4215. Contracts with industrial life insurance agents; prohibitions.\n(a) No life insurance company licensed to do business in this state\nshall make any contract with any agent, superintendent or other\nrepresentative employed in this state which provides:\n (1) That the company shall charge against the past, present or future\ncompensation of the agent, superintendent or other representative,\neither salary or commission, any sum of money as a result of the\nsurrender for cash of any industrial policy by any policyholder;\n (2) That the company shall charge against the past, present or future\ncompensation of the agent, superintendent or other representative,\neither salary or commission, any sum of money as a result of the lapse\nof any industrial policy that has been in force for three years or\nlonger.\n (b) The provisions of subsection (a) hereof shall not prohibit the\ncompany from contracting with its agents, superintendents or other\nrepresentatives, to charge any agent, superintendent or other\nrepresentative, a sum not exceeding the commission on any policy written\nby the agent, superintendent or other representative on the life of any\nperson, or any relative sharing the home with the person, who has\nterminated a policy of the company not more than three months before or\nwho terminates such a policy within three months after the policy was\nwritten.\n