New Jersey Statutes
§ 17B:30-9 — Stock operations and advisory board contracts
New Jersey·Title 17B INSURANCE
No person shall issue or deliver or permit agents, 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 securities or any special or advisory board contracts or other contracts of any kind promising returns and profits as an inducement to insurance or annuity. L.1971, c. 144, s. 17B:30-9.
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Nearby Sections
15
§ 17B:30-1
Declaration of purpose§ 17B:30-10
Stock acquisition, common management§ 17B:30-11
Interlocking directorate§ 17B:30-12
Discrimination prohibited; terms defined.§ 17B:30-13
Rebates and special inducements§ 17B:30-13.1
Unfair claim settlement practices§ 17B:30-13.2
Record of complaints§ 17B:30-14
Exceptions to discrimination and rebates§ 17B:30-15
Enumeration of acts not exclusive§ 17B:30-16
Commissioner's powers of investigation§ 17B:30-18
Procedures as to undefined practices§ 17B:30-19
Appeal by intervenor§ 17B:30-2
Practices prohibited§ 17B:30-20
Violation of cease and desist order; penalty