---
urn: urn:us-la:rs:22:659
citation: "R.S. 22:659"
status: active
breadcrumb: "Title 22 › Chapter 2 › Part III › Subpart E"
acts_citations:
  - { year: 1958, number: 125, section: None, effective_date: null, role: enactment }
  - { year: 1995, number: 1182, section: 2, effective_date: null, role: amendment }
---

# Pecuniary interest of directors and officers

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.