2125 - Marine Insurance; Acting as Agent, Broker or Insurer of Persons Without Insurable Interest.

NY Ins L § 2125 (2019) (N/A)
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(b) No insurance broker or other person, firm, association or corporation not having such a bona fide interest or bona fide expectation of acquiring such an interest, shall knowingly apply for, effect, accept or transfer in this state any such evidence of a contract of marine insurance without having been previously authorized so to do by, or by the authority of, a person, firm, association or corporation having such a bona fide interest or a bona fide expectation of acquiring such an interest.