Section 204. Prohibited activities and investments of department personnel

(a) Neither the superintendent, any deputy,  nor  any  employee  of  the
  department, shall be interested, directly or indirectly, in the business
  of  any  insurer,  agent,  broker,  adjuster,  or  other licensee of the
  department, whether as a security holder, director,  officer,  attorney,
  agent, or employee.
    (b)  Subsection  (a)  hereof  shall  not  prevent  any individual from
  becoming a policyholder of any insurer, or prevent or impair the ability
  of  the  superintendent  to  act  as  a  liquidator,  rehabilitator,  or
  conservator, pursuant to article seventy-four of this chapter.