AN ACT TO AMEND SUBCHAPTER II, CHAPTER 5, TITLE 18, DELAWARE CODE, ENTITLED "UNFAIR METHODS OF COMPETITION AND UNFAIR AND DECEPTIVE ACTS AND PRACTICES", BY PROHIBITING THE OFFERING OF LIFE OR ACCIDENT OR HEALTH INSURANCE OR ANNUITIES AS AN INDUCEMENT TO PURCHASE GOODS OR SERVICES.
Be it enacted by the General Assembly of the State of Delaware:
Section 1. Section 534, Subchapter II, Chapter 5, Title 18, Delaware Code, is amended by adding a new subsection (9) to read as follows:
(9) Insurance as inducement to purchase.
Directly or indirectly participating in any plan to offer or effect any kind or kinds of life or accident or health insurance or annuities as an inducement to, or in connection with, the purchase by the public of any goods, securities commodities, services or subscriptions to periodicals; provided, however, that this subsection shall not apply to such insurance written in connection with an indebtedness if the purpose of such insurance is to pay the indebtedness in case of death or disability of the insured.
Approved December 17, 1963.