509.18 Prohibited deposit in financial institution.
A company or its agent licensed to sell a policy of credit life or credit accident and health insurance or certificate under a policy of group credit life or credit accident and health insurance shall not deposit or offer to deposit funds in a financial institution of this state in exchange for the privilege of selling such insurance to or on behalf of the financial institution.
[C75, 77, 79, 81, §509.18]
2004 Acts, ch 1110, §27
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