§ 24-A §2160 — Rebates -- life, health and annuity contracts

1.
Limitation.
Except as otherwise provided by law, no person may:
2.
Benefit not associated with indemnification or loss.
Unless otherwise provided by law, a provision may not be included within an insurance policy if the sole intent of the provision is to give to the insured a benefit that is not associated with indemnification or loss. This subsection does not apply to annuities.

Legislative History

PL 1969, c. 132, §1 (NEW). PL 1997, c. 457, §38 (RPR). PL 1997, c. 592, §66 (AMD).