Maine § 24-A §2161 Exceptions to discrimination, rebates, stock inducements provision -- life, health and annuity contracts

Maine Statutes

§ 24-A §2161 — Exceptions to discrimination, rebates, stock inducements provision -- life, health and annuity contracts

Maine·Title 24-A MAINE INSURANCE CODE·Ch. 23 TRADE PRACTICES AND FRAUDS

1.Nothing in sections 2159 and 2160 shall be construed as including within the definition of discrimination or rebates any of the following practices:

2.Nothing in this chapter shall be construed as including within the definition of securities as inducements to purchase insurance the selling or offering for sale, contemporaneously with life insurance or annuities, of mutual fund shares or face amount certificates of regulated investment companies under offerings registered with the Securities and Exchange Commission where such shares or such face amount certificates or such insurance or annuities may be purchased independently of and not contingent upon purchase of the other, at the same price and upon the same terms and conditions as where purchased independently.

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1.
Nothing in sections 2159 and 2160 shall be construed as including within the definition of discrimination or rebates any of the following practices:
2.
Nothing in this chapter shall be construed as including within the definition of securities as inducements to purchase insurance the selling or offering for sale, contemporaneously with life insurance or annuities, of mutual fund shares or face amount certificates of regulated investment companies under offerings registered with the Securities and Exchange Commission where such shares or such face amount certificates or such insurance or annuities may be purchased independently of and not contingent upon purchase of the other, at the same price and upon the same terms and conditions as where purchased independently.

Maine § 24-A §2161 (Exceptions to discrimination, rebates, stock inducements provision -- life, health and annuity contracts) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.