D.C. Code § 31-2231.09

Current through codified legislation effective September 18, 2024

Section 31-2231.09 - Stock operations and advisory board contracts

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.

D.C. Code § 31-2231.09

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