1. (a) Except as provided by this subchapter or another provision in this code, with respect to accident and health insurance or health care plan coverage written in this state, an insurer, health maintenance organization, or agent may not:

   1. (1) knowingly permit the making of or offering of, offer to make, or make an accident and health insurance policy or health care plan contract or an agreement regarding the policy or contract other than as plainly expressed in the issued policy or contract;

   2. (2) directly or indirectly pay, give, or allow or offer to pay, give, or allow as an inducement to enter into an accident and health insurance policy or health care plan contract:

      1. (A) a rebate of premiums payable on the policy or contract; or
      2. (B) a special favor or advantage in the dividends or other benefits of the policy or contract or a valuable consideration or inducement not specified in the policy or contract; or

   3. (3) give, sell, or purchase or offer to give, sell, or purchase in connection with an accident and health insurance policy or health care plan contract or as an inducement to enter into the policy or contract:

      1. (A) stocks, bonds, or other securities of an insurer or other corporation, association, or partnership;
      2. (B) dividends or profits accrued from the stocks, bonds, or securities; or
      3. (C) anything of value not specified in the policy or contract.

2. (b) An insurer or health maintenance organization may not permit an agent, officer, or employee to issue or deliver as an inducement to entering into an insurance policy or health care plan contract:

   1. (1) company stock or other capital stock;
   2. (2) a benefit certificate or share in a corporation;
   3. (3) securities; or
   4. (4) a special or advisory board contract or any other contract promising returns or profits.
3. (c) This section does not prohibit an insurer or health maintenance organization from issuing or delivering a participating insurance policy or health care plan contract otherwise authorized by law.

Added by Acts 2025, 89th Leg., R.S., Ch. 581 (H.B. 2221), Sec. 2, eff. September 1, 2025.