Section 190
SEC. 190. No insurance company, engaged in business in other the Philippine Islands, or any agent thereof, shall make any contract of insurance, or agreement as to policy contract, other than is plainly expressed in the policy issued thereon; nor shall any such company or agent, pay or allow, or offer to pay or allow, as inducement to insurance, any rebate inducements, repayable on the policy, nor shall any particular policy holder of the same class be allowed any advantage in the dividends or other benefits to accrue thereon, or any valuable consideration or inducement whatever not specified in the policy contract of insurance.