Massachusetts § 121 - Sale or purchase of securities in connection with contract of life or endowment insurance or annuity prohibited
Full text of Massachusetts Massachusetts General Laws § 121 — Sale or purchase of securities in connection with contract of life or endowment insurance or annuity prohibited, with citation guidance and answers to common questions.
§ 121. Sale or purchase of securities in connection with contract of life or endowment insurance or annuity prohibited
Section 121. No life company and no officer or agent thereof and no insurance broker shall make any contract of life or endowment insurance or any annuity or pure endowment contract or any agreement as to such contract other than as plainly expressed in the policy issued thereon; or give, sell or purchase, or offer to give, sell or purchase, as inducement to placing or negotiating any such contract or the continuance or renewal thereof or in connection therewith, any stocks, bonds or other securities of any company or other corporation, association or partnership, or any dividends or profits accrued thereon.
Source: official Massachusetts text · Last verified 2026-08-27
Frequently Asked Questions About Massachusetts § 121
What does Massachusetts General Laws § 121 cover?
Section 121 ("Sale or purchase of securities in connection with contract of life or endowment insurance or annuity prohibited") is part of the Massachusetts General Laws, the codified statutory law of Massachusetts. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Massachusetts § 121?
A common citation format is "Massachusetts General Laws § 121" (Massachusetts). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Massachusetts law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Massachusetts official source linked on this page or consult a licensed Massachusetts attorney.
How does Massachusetts § 121 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Massachusetts can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Massachusetts.