§431:4-125  Fees on use of funds.  (a) No director, officer or employee having any authority in the investment ordisposition of the funds of a domestic insurer shall accept, except on behalfof the insurer, or be the beneficiary of any fee, brokerage, gift, or otheremolument because of any investment, loan, deposit, purchase, sale, payment, orexchange made by or for the insurer.

(b)  The commissioner may adopt rules to defineand permit additional exceptions to the prohibition in subsection (a), solelyto enable payment of reasonable compensation to a director who is not otherwisean officer or employee of the insurer, for necessary services performed orsales or purchases made to or for the insurer in the ordinary course of theinsurer's business and in the usual private professional or business capacityof such director. [L 1987, c 347, pt of §2; am L 2004, c 122, §14]