Section 26-13-114 - Securities Operations and Advisory Board Contracts as Insurance Inducement Prohibited

26-13-114. Securities operations and advisory board contracts as insurance inducement prohibited. No insurer or other person shall offer, issue or deliver or permit its agents, officers or employees to offer, issue or deliver, in this or any other state, agency company stock or other capital stock, benefit certificates, shares in any common-law corporation or any advisory board contract promising returns and profits as an inducement to insurance.