Section 402:39 Offering Rebates, etc. - New Hampshire Statutes

No insurance company, by itself or another, and no insurance agent, solicitor or broker, personally or by another, shall offer, promise, allow, give, set off or pay, directly or indirectly, as inducement to insurance, on any risk in this state, any rebate of or part of the premium payable on any policy or of the agent's commission thereon; nor offer, promise, allow, give, set off or pay, directly or indirectly, as inducement to such insurance, any earnings, profits, dividends or other benefit, founded, arising, accruing, or to accrue on such insurance or therefrom, or any other valuable consideration, which is not specified, promised or provided for in the policy contract of insurance, nor offer, promise, give, sell or purchase, as inducement to insurance or in connection therewith, any stocks, bonds, securities, or property, nor, except as promised or provided for in the policy contract, offer, promise or give any other thing of value whatever, as an inducement to insurance. For the purposes of this section, any amount charged by a credit card facility or organization to an insurance agent or broker, which charge is levied against the agent or broker for the benefit of the use of the credit card, shall not be considered a rebate.

Source. 1913, 127:1. PL 273:33. RL 323:38. RSA 402:39. 1986, 194:2, eff. Aug. 2, 1986.