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This entry was published on 2014-09-22
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SECTION 4225
Domestic life insurance companies; discrimination as to brokers
Insurance (ISC) CHAPTER 28, ARTICLE 42
§ 4225. Domestic life insurance companies; discrimination as to
brokers. No officer, trustee or director of a domestic life insurance
company shall direct or require a borrower from the life insurance
company on mortgage to negotiate any policy of insurance on the
mortgaged property through any particular insurance broker, or attempt
to divert to any particular insurance broker the patronage of borrowers
from the life insurance company, or refuse to accept any such insurance
policy because it was not negotiated through a particular insurance
broker.