Practices Injurious to Free Competition

Except as otherwise expressly provided by law, no person directly or indirectly shall enter into any contract, understanding or combination with any insurer or manager, agent or representative thereof for the purpose of, nor shall any such persons or insurers jointly or severably do any act or engage in any practice for the purpose of:

(a)Controlling the rates to be charged, or the commissions or other compensations to be paid, for insuring any risk or class of risks; or COL11/8/2019 CH. 103 OFFICE OF COMMISSIONER OF BANKING AND INSURANCE

(b)Entering into any agreement to commit, or individually or by any concerted action committing, any act of boycott, coercion, or intimidation resulting or tending to result in unreasonable restraint of, or a monopoly in, the business of insurance.