PARRIS N. GLENDENING, Governor

Ch. 35

27-202. MISREPRESENTATIONS ABOUT POLICIES.
A PERSON MAY NOT:

(1) MAKE, ISSUE, CIRCULATE, OR CAUSE TO BE MADE, ISSUED, OR
CIRCULATED AN ESTIMATE, CIRCULAR, OR STATEMENT THAT MISREPRESENTS THE
TERMS OF A POLICY ISSUED OR TO BE ISSUED, THE BENEFITS OR ADVANTAGES
PROMISED BY THE POLICY, OR THE DIVIDENDS OR SHARE OF THE SURPLUS TO BE
RECEIVED ON THE POLICY;

(2) MAKE A FALSE OR MISLEADING STATEMENT ABOUT THE
DIVIDENDS OR SHARE OF THE SURPLUS PREVIOUSLY PAID ON SIMILAR POLICIES;

(3) MAKE A MISLEADING REPRESENTATION OR ANY
MISREPRESENTATION ABOUT THE FINANCIAL CONDITION OF AN INSURER OR
ABOUT THE LEGAL RESERVE SYSTEM ON WHICH A LIFE INSURER OPERATES; OR

(4) USE A NAME OR TITLE OF A POLICY OR CLASS OF POLICIES THAT
MISREPRESENTS THE TRUE NATURE OF THE POLICY OR CLASS OF POLICIES.

REVISOR'S NOTE: This section is new language derived without substantive
change from former Art. 48A, § 217.

Defined terms: "Insurer" § 1-101
"Life insurer" § 1-101
"Person" § 1-101
"Policy" § 1-101

27-203. FALSE ADVERTISEMENTS ABOUT INSURANCE BUSINESS.

A PERSON MAY NOT MAKE, PUBLISH, DISSEMINATE, CIRCULATE, PLACE
BEFORE THE PUBLIC, OR CAUSE DIRECTLY OR INDIRECTLY TO BE MADE,
PUBLISHED, DISSEMINATED, CIRCULATED, OR PLACED BEFORE THE PUBLIC IN A
NEWSPAPER, MAGAZINE, OR OTHER PUBLICATION, IN THE FORM OF A NOTICE,
CIRCULAR, PAMPHLET, LETTER, OR POSTER, OVER A RADIO OR TELEVISION
STATION, OR IN ANY OTHER WAY, AN ADVERTISEMENT, ANNOUNCEMENT, OR
STATEMENT THAT CONTAINS AN ASSERTION, REPRESENTATION, OR STATEMENT
ABOUT THE BUSINESS OF INSURANCE OR ABOUT A PERSON IN THE CONDUCT OF
THE PERSON'S INSURANCE BUSINESS THAT IS UNTRUE, DECEPTIVE, OR
MISLEADING.

REVISOR'S NOTE: This section formerly was Art. 48A, § 218.

The only changes are in style.

Defined terms: "Insurance" § 1-101
"Insurance business" § 1-101
"Person" § 1-101

27-204. FALSE STATEMENTS ABOUT INSURERS.

A PERSON MAY NOT MAKE, PUBLISH, DISSEMINATE, OR CIRCULATE, DIRECTLY
OR INDIRECTLY, OR AID, ABET, OR ENCOURAGE THE MAKING, PUBLISHING,

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