§ 31-2231.09. Stock operations and advisory board contracts.

Current through October 23, 2012

No person, as an inducement to purchase insurance, shall issue or deliver, or permit its agents, officers, or employees to issue or deliver:

(1) Agency company stock or other capital stock, benefit certificates, or shares in a common law corporation;

(2) Securities; or

(3) A special or advisory board contract or other contracts of any kind promising returns and profits.

                
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(Apr. 3, 2001, D.C. Law 13-265, § 109, 48 DCR 1225.)

HISTORICAL AND STATUTORY NOTES

Legislative History of Laws

For D.C. Law 13-265, see notes following § 31-2231.01.