1215

(a) No insurer, general agent, agent, broker, solicitor, or other person shall, as an inducement to insurance, or in connection with any insurance transaction, provide in any policy for, or offer, or sell, buy, or offer or promise to buy or give, or promise, or allow to the insured or prospective insured or to any other person on his behalf in any manner whatsoever:\n(1) any shares of stock or other securities issued or at any time to be issued on any interest therein or right thereto; or\n(2) any special advisory board contract, or other contract, agreement, or understanding of any kind, offering, providing for, or promising any profits or special returns or special dividends; or\n(3) any prizes, goods, wares, or merchandise of an aggregate value in excess of one dollar.\n(b) This section shall not be deemed to prohibit the sale or purchase of securities as a condition to or in connection with surety insurance insuring the performance of an obligation as part of a plan of financing found by the Commissioner to be designed and operated in good faith primarily for the purpose of such financing.