45-06-16-04. Standards of marketing.

An issuer through its producers, shall:

1. Provide an outline of coverage to applicants at the time application is presented to the prospective applicant and shall obtain an acknowledgment of receipt of the outline from the applicant.

2. Establish marketing procedures to assure any comparison of policies by its agents or other producers will be fair and accurate.

3. Establish marketing procedures to assure full disclosure is given to the insured.

4. Establish auditable procedures for verifying compliance with this section.

History: Effective October 1, 2019.

General Authority: NDCC 26.1-36-38

Law Implemented: NDCC 26.1-36.8