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D.C. Code § 31-2231.09

Stock operations and advisory board contracts

Apr. 3, 2001, D.C

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.

Official source: D.C. Law Library (Council of the District of Columbia). Reproduced from public-domain District of Columbia statutes; confirm against the official source for the current text. Not legal advice.