20-452. Prohibited inducements
Except as permitted in sections 20-453 and 20-454, any insurer, insurance producer
or other person, as an inducement to insurance or in connection with any insurance
transaction, shall not provide in any policy for or offer, sell, buy or offer or promise
to buy, sell, give, promise or allow to the insured or prospective insured or to any
other person on behalf of the insured or prospective insured in any manner:
1. Any employment.
2. Any shares of stock or other securities issued or at any time to be issued or
any interest therein or rights thereto.
3. Any advisory board contract, or any similar contract, agreement or
understanding, offering, providing for or promising any special profits.
4. Any prizes, goods, wares, merchandise or tangible property of an aggregate value
of more than ten dollars.
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