New York § 4225 Domestic life insurance companies; discrimination as to brokers

New York Statutes

§ 4225 — Domestic life insurance companies; discrimination as to brokers

New York § 4225

Law ISCInsurance

Art. 42Life Insurance Companies and Accident and Health Insurance Companies and Legal Services Insurance Companies

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Bluebook

N.Y. Insurance § 4225 (2026).

Text

  § 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

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§ 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