A person shall not make, issue, circulate or cause to be made, issued or circulated, any estimate, illustration, circular, statement, sales presentation or comparison which:
- 1. Misrepresents the benefits, advantages, conditions or terms of any insurance policy;
- 2. Misrepresents the dividends or share of the surplus to be received on any insurance policy;
- 3. Makes any false or misleading statement as to the dividends or share of surplus previously paid on any insurance policy;
- 4. Is misleading or is a misrepresentation as to the financial condition of any person, or as to the legal reserve system upon which any life insurer operates;
- 5. Uses any name or title of any policy or class of insurance policies misrepresenting the true nature thereof;
- 6. Is a misrepresentation for the purpose of inducing or tending to induce the lapse, forfeiture, exchange, conversion or surrender of any insurance policy;
- 7. Is a misrepresentation for the purpose of effecting a pledge or assignment of or effecting a loan against any insurance policy; or
- 8. Misrepresents any insurance policy as being shares of stock.
(Added to NRS by 1971, 1688; A 1975, 1287)