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§ 27-202. Misrepresentations about policies issued or to be issued

West's Annotated Code of MarylandInsurance

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 27. Unfair Trade Practices and Other Prohibited Practices (Refs & Annos)
Subtitle 2. Unfair Methods of Competition and Unfair and Deceptive Acts or Practices (Refs & Annos)
MD Code, Insurance, § 27-202
§ 27-202. Misrepresentations about policies issued or to be issued
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.

Credits

Added by Acts 1997, c. 35, § 2, eff. Oct. 1, 1997.
Formerly Art. 48A, § 217.
MD Code, Insurance, § 27-202, MD INSURANCE § 27-202
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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