(1) No insurer or employee or representative thereof shall knowingly charge, demand,
or receive a premium for any insurance policy except in accordance with the applicable
filing on file with the commissioner. No such insurer, employee, or representative shall pay, allow, or give, or offer
to pay, allow, or give, directly or indirectly, as an inducement to insurance or after
insurance has been effected, any rebate, discount, abatement, credit or reduction
of the premium named in a policy, or any special favor or advantage in the dividends
or other benefits to accrue thereon, or any valuable consideration or inducements
whatever, or give, sell, or purchase, or offer to give, sell, or purchase anything
of value whatsoever not specified in the policy, except to the extent provided for
in such applicable filing.
(2) No insured named in a policy, nor any employee or representative thereof shall
knowingly receive or accept, directly or indirectly, any such rebate, discount, abatement
or reduction of premium, or any special favor or advantage or valuable consideration
(3) Subsection (1) and (2) of this section shall not apply as to life insurance and
health insurance. Except as expressly provided by law no insurer, employee, or representative shall
knowingly permit or offer to make or make any contract of life insurance, life annuity
or health insurance, or agreement as to such contract other than as plainly expressed
in the contract issued thereon, or pay or allow, or give or offer to pay, allow or
give, directly or indirectly, as inducement to such insurance, or annuity, any rebate
of premiums payable on the contract, or any special favor or advantage in the dividends
or other benefits thereon, or any valuable consideration or inducement whatever not
expressed in the contract.
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