KRS 304.12-110: Illegal inducements prohibited.

No insurer, insurance producer as defined in KRS 304.9 -020, or other person shall, as an

inducement to insurance, or in connection with any insurance transaction, provide in any

policy for, or offer, sell, buy, or offer or promise to buy, sell, give, promi se, or allow to

the insured or prospective insured or to any other person on his or her behalf in any

manner whatsoever:

(1) Any employment;

(2) Any shares of stock or other securities issued or at any time to be issued or any

interest therein or rights thereto; or

(3) Any advisory board contract, or any similar contract, agreement or understanding,

offering, providing for, or promising any profits or special returns or special

dividends.