# D.C. Code § 31-2231.09: Stock operations and advisory board contracts

> District of Columbia · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C22A_S31-2231.09

## Section

- **Citation:** D.C. Code § 31-2231.09
- **Heading:** Stock operations and advisory board contracts
- **Jurisdiction:** District of Columbia
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** DC Code / Title 31 / Chapter 22A / § 31-2231.09

## Text

No person, as an inducement to purchase insurance, shall issue or deliver, or permit its agents, officers, or employees to issue or deliver:
(1) Agency company stock or other capital stock, benefit certificates, or shares in a common law corporation;
(2) Securities; or
(3) A special or advisory board contract or other contracts of any kind promising returns and profits.

## Nearby sections

- [D.C. Code § 31-2231.01 § 31-2231.01. Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C22A_S31-2231.01.md)
- [D.C. Code § 31-2231.02 § 31-2231.02. General prohibition.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C22A_S31-2231.02.md)
- [D.C. Code § 31-2231.03 § 31-2231.03. Misrepresentations and false advertising of insurance policies.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C22A_S31-2231.03.md)
- [D.C. Code § 31-2231.04 § 31-2231.04. False information and advertising generally.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C22A_S31-2231.04.md)
- [D.C. Code § 31-2231.05 § 31-2231.05. Defamation.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C22A_S31-2231.05.md)
- [D.C. Code § 31-2231.06 § 31-2231.06. Boycott, coercion, and intimidation.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C22A_S31-2231.06.md)
- [D.C. Code § 31-2231.07 § 31-2231.07. Illegal dealing in premiums; excess charges for insurance.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C22A_S31-2231.07.md)
- [D.C. Code § 31-2231.08 § 31-2231.08. False statements and entries.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C22A_S31-2231.08.md)
- [D.C. Code § 31-2231.09 § 31-2231.09. Stock operations and advisory board contracts.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C22A_S31-2231.09.md)
- [D.C. Code § 31-2231.10 § 31-2231.10. Failure to maintain marketing and performance records.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C22A_S31-2231.10.md)
- [D.C. Code § 31-2231.11 § 31-2231.11. Unfair discrimination.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C22A_S31-2231.11.md)
- [D.C. Code § 31-2231.12 § 31-2231.12. Rebates: life, health, and annuities.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C22A_S31-2231.12.md)
- [D.C. Code § 31-2231.13 § 31-2231.13. Unfair discrimination and rebates prohibited; property, casualty, and surety insurance.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C22A_S31-2231.13.md)
- [D.C. Code § 31-2231.14 § 31-2231.14. Interlocking ownerships, management.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C22A_S31-2231.14.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C22A_S31-2231.09. Check the current official text before relying on it. Not legal advice.