set off, or pay, directly or indirectly, any rebate of, or part
of, the premium payable on the policy, or on any policy or
agent's commission thereon, or earnings, profit, dividends, or
other benefit founded, arising, accruing, or to accrue thereon
or therefrom, or any special advantage in date of policy or age
of issue, or any paid employment or contract for services of any
kind, or any other valuable consideration or inducement, to or
for insurance on any risk in this Commonwealth, now or hereafter
to be written, which is not specified in the policy contract of
insurance; nor shall any such company, association, or exchange,
personally or otherwise, offer, promise, give, option, sell, or
purchase any stocks, bonds, securities, or property, or any
dividends or profits accruing or to accrue thereon, or other
thing of value whatsoever, as inducement to insurance or in
connection therewith, which is not specified in the policy.
Nothing in this section shall be construed to prevent the taking
of a bona fide obligation, with legal interest, in payment of
any premium.
(b) Nothing in this section shall be construed as
prohibiting an insurance company, association or exchange, by
itself or by its officers or members, attorney-in-fact or by any
other party from offering or giving to an insured or prospective
insured money or any favor, advantage, object, valuable
consideration or anything other than money which has a cost of
or a redeemable value less than or equal to $100. The
commissioner may increase this amount upon publication of notice
in the Pennsylvania Bulletin.
(B) AN INSURANCE COMPANY, ASSOCIATION OR EXCHANGE, BY
ITSELF, ITS OFFICERS, MEMBERS OR ATTORNEY-IN-FACT OR ANY OTHER
PARTY MAY OFFER OR GIVE TO AN INSURED OR A PROSPECTIVE INSURED,
20170SB0878PN1459 - 2 -
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