§ 27-207. Agency company or capital stock, benefit certificates or shares in corporation, or co...
West's Annotated Code of MarylandInsurance
MD Code, Insurance, § 27-207
§ 27-207. Agency company or capital stock, benefit certificates or shares in corporation, or contracts as inducement to insurance
A person may not issue, deliver, or allow an agent, officer, or employee of the person to issue or deliver agency company stock or other capital stock, benefit certificates or shares in a corporation, or an advisory board contract or other similar contract that promises returns and profits as an inducement to insurance.
Credits
Added by Acts 1997, c. 35, § 2, eff. Oct. 1, 1997.
Formerly Art. 48A, § 222.
MD Code, Insurance, § 27-207, MD INSURANCE § 27-207
Current with legislation effective through July 1, 2023, from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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