Md. Code, Ins. § 27-207

Current with changes from the 2024 Legislative Session

Section 27-207 - Stock and 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.

Md. Code, IN § 27-207