33-18-211. Stock operations and advisory board contracts. No person shall issue or deliver or permit its insurance producers, officers, or employees to issue or deliver agency company stock or other capital stock or benefit certificates or shares in any common-law corporation or any advisory board contract or other similar contract of any kind promising returns and profits as an inducement to insurance.
History: En. Sec. 215, Ch. 286, L. 1959; R.C.M. 1947, 40-3513; amd. Sec. 1, Ch. 713, L. 1989.
Structure Montana Code Annotated
Title 33. Insurance and Insurance Companies
Chapter 18. Unfair Trade Practices
Part 2. Insurer's Relations With Insured and Claimant
33-18-201. Unfair claim settlement practices prohibited
33-18-202. Misrepresentation and false advertising of policies prohibited
33-18-203. False or deceptive advertising prohibited
33-18-204. Twisting prohibited
33-18-205. Filing or publishing false financial statements or making false entries prohibited
33-18-206. Unfair discrimination prohibited -- life insurance, annuities, and disability insurance
33-18-209. Exceptions to discrimination and rebates provision
33-18-211. Stock operations and advisory board contracts
33-18-212. Illegal dealing in premiums -- improper charges for insurance
33-18-213. Extension of credit to policyholder
33-18-215. Postclaim underwriting prohibited -- condition
33-18-216. Unfair discrimination against victims of abuse prohibited
33-18-218. through 33-18-220 reserved
33-18-221. Designation of specific repair shops prohibited -- lists allowed
33-18-223. Prohibited activities -- glass broker defined
33-18-224. Designation of specific automobile body repair businesses prohibited
33-18-225. Designation of specific car rental business prohibited
33-18-226. through 33-18-230 reserved
33-18-231. State administrative process to provide timely payment of medical benefits -- definitions
33-18-232. Time for payment of claims
33-18-233. Administrative penalty for failure to pay promptly
33-18-234. Right of privacy guaranteed
33-18-235. Rulemaking authority
33-18-236. through 33-18-240 reserved
33-18-242. Independent cause of action -- burden of proof
33-18-243. and 33-18-244 reserved