Code of the District of Columbia

§ 31–2231.09. Stock operations and advisory board contracts.

No person, as an inducement to purchase insurance, shall issue or deliver, or permit its agents, officers, or employees to issue or deliver:

(1) Agency company stock or other capital stock, benefit certificates, or shares in a common law corporation;

(2) Securities; or

(3) A special or advisory board contract or other contracts of any kind promising returns and profits.