No director or officer of any insurer, party to a reinsurance agreement, except as fully expressed in the reinsurance agreement, shall receive any fee, commission, other compensation or valuable consideration whatever, directly or indirectly, for in any manner aiding, promoting or assisting in the negotiation of such reinsurance agreement.
R.S. 22:659 active rs title
Pecuniary interest of directors and officers ACTIVE
Actions
References
None.
Cited by
None.
History
- enactment Acts 1958, No. 125
- amendment Acts 1995, No. 1182, §2