Insurance Law 4225 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 4224 Life, accident and health insurance; discrimination and rebating; prohibited inducements and interdependent sales up ARTICLE 42 Life Insurance Companies and Accident and Health Insurance Companies and Legal Services Insurance Companies next SECTION 4226 Misrepresentations, misleading statements and incomplete comparisons by insurers Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email 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.