New York Laws
Article 21 - Agents, Brokers, Adjusters, Consultants and Intermediaries
2125 - Marine Insurance; Acting as Agent, Broker or Insurer of Persons Without Insurable Interest.

(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.

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