11. The Authority may also exercise the powers conferred upon it by section 10 with respect to any person who proposes or enters into a contract or matter which, without being an insurance contract or a matter of insurance, is presented to the public as offering advantages similar to those offered by insurance or having characteristics suggesting that it is a contract of insurance.
1974, c. 70, s. 11; 1982, c. 52, s. 80; 2002, c. 45, s. 243; 2004, c. 37, s. 90.