Except as otherwise expressly provided by law, no person shall knowingly:
A. permit to be made or offer to make or make any contract of life insurance, life annuity or health insurance, or agreement as to such contract, other than as plainly expressed in the contract issued, or pay or allow, or give or offer to pay, allow or give, directly or indirectly, or knowingly accept, as an inducement to such insurance or annuity any rebate of premiums payable on the contract, or any special favor or advantage in the dividends or other benefits thereon, or any paid employment or contract for services of any kind, or any valuable consideration or inducement whatever not specified in the contract; or
B. directly or indirectly give or sell or purchase or offer or agree to give, sell, purchase, or allow as an inducement to such insurance or annuity or in connection therewith, whether or not to be specified in the policy or contract, any agreement of any form or nature promising returns and profits, or any stocks, bonds or other securities, or interest present or contingent therein or as measured thereby, of any insurer or other person, or any dividends or profits accrued or to accrue thereon.
History: Laws 1984, ch. 127, § 281.
ANNOTATIONSAm. Jur. 2d, A.L.R. and C.J.S. references. — Insurance anti-rebate statutes: validity and construction, 90 A.L.R.4th 213.
43 Am. Jur. 2d Insurance §§ 831, 832.
45 C.J.S. Insurance § 484.