20-449. Rebates on life or disability
insurance
Except as otherwise expressly provided by law, no person shall knowingly permit or
offer to make or make any contract of life insurance, life annuity or disability
insurance, or agreement as to such contract other than as plainly expressed in the
contract issued thereon, or pay or allow, or give or offer to pay, allow or give,
directly or indirectly, 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 valuable consideration or inducement whatever not
specified in the contract.
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