§431:3-307  Free insurance.  Except asotherwise provided by law, no insurer, either domestic, foreign or alien, shallissue or cause to be issued any policy of insurance of any type or descriptionupon life or property, real or personal, whenever the policy of insurance is tobe furnished or delivered to the purchaser or bailee of any property, real orpersonal, either as an inducement to purchase or bailment of the property, realor personal, or as a part of the consideration for the purchase or bailment ofthe property, real or personal. [L 1987, c 347, pt of §2]