§ 4225. Domestic life insurance companies; discrimination as to\nbrokers. No officer, trustee or director of a domestic life insurance\ncompany shall direct or require a borrower from the life insurance\ncompany on mortgage to negotiate any policy of insurance on the\nmortgaged property through any particular insurance broker, or attempt\nto divert to any particular insurance broker the patronage of borrowers\nfrom the life insurance company, or refuse to accept any such insurance\npolicy because it was not negotiated through a particular insurance\nbroker.\n
N.Y. Ins. Law § 4225
Domestic life insurance companies; discrimination as to brokers
2014-09-22
Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.