44-369. Premium notes; sale or pledge before delivery of policy; prohibited.

It shall be unlawful for any company or agent thereof to hypothecate, sell or dispose of a promissory note, received in payment for any part of a premium on a policy of insurance applied for under the provisions of this chapter, prior to the delivery of the policy to the applicant.

Source:Laws 1913, c. 154, § 154, p. 471; R.S.1913, § 3291; Laws 1919, c. 190, tit. V, art. XI, § 19, p. 653; C.S.1922, § 7898; C.S.1929, § 44-1119; R.S.1943, § 44-369.