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.
(Apr. 3, 2001, D.C. Law 13-265, § 109, 48 DCR 1225.)
Structure District of Columbia Code
Title 31 - Insurance and Securities
Chapter 22A - Unfair Insurance Trade Practices
§ 31–2231.02. General prohibition
§ 31–2231.03. Misrepresentations and false advertising of insurance policies
§ 31–2231.04. False information and advertising generally
§ 31–2231.06. Boycott, coercion, and intimidation
§ 31–2231.07. Illegal dealing in premiums; excess charges for insurance
§ 31–2231.08. False statements and entries
§ 31–2231.09. Stock operations and advisory board contracts
§ 31–2231.10. Failure to maintain marketing and performance records
§ 31–2231.11. Unfair discrimination
§ 31–2231.12. Rebates: life, health, and annuities
§ 31–2231.13. Unfair discrimination and rebates prohibited; property, casualty, and surety insurance
§ 31–2231.14. Interlocking ownerships, management
§ 31–2231.15. Unfair financial planning practices; an insurance agent or broker
§ 31–2231.16. Failure to provide claims history
§ 31–2231.17. Unfair claim settlement practices
§ 31–2231.18. Failure to maintain complaint handling procedures
§ 31–2231.19. Misrepresentation in insurance application
§ 31–2231.20. Favored agent or insurer; coercion of debtors
§ 31–2231.20a. Prohibition on offsetting short-term disability benefits
§ 31–2231.21. “Twisting” prohibited
§ 31–2231.22. Powers of the Commissioner; cease and desist orders