Montana Statutes
§ 33-18-211 — Stock Operations And Advisory Board Contracts
Montana·Title 33 INSURANCE AND INSURANCE COMPANIES·Ch. 18 UNFAIR TRADE PRACTICES·Part 2 Insurer's Relations With Insured and Claimant
33-18-211 . Stock operations and advisory board contracts. No person shall issue or deliver or permit its insurance producers, officers, or employees to issue or deliver agency company stock or other capital stock or benefit certificates or shares in any common-law corporation or any advisory board contract or other similar contract of any kind promising returns and profits as an inducement to insurance.
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Legislative History
En. Sec. 215, Ch. 286, L. 1959; R.C.M. 1947, 40-3513; amd. Sec. 1, Ch. 713, L. 1989.
Nearby Sections
15
§ 33-18-1002
Power Of Commissioner To Examine Insurers§ 33-18-1004
Desist Orders For Prohibited Practices§ 33-18-1005
Penalty For Violation Of Cease And Desist Orders§ 33-18-1006
Desist Orders For Prohibited Practices§ 33-18-101
Purposes§ 33-18-201
Unfair Claim Settlement Practices Prohibited§ 33-18-203
False Or Deceptive Advertising Prohibited§ 33-18-204
Twisting Prohibited