- (1) An advertisement which is intended to be seen or heard beyond the limits of the jurisdictions in which the insurer is licensed shall not imply licensing beyond those limits.
- (2) An advertisement shall not create the impression directly or indirectly that the insurer, its financial condition or status, the payment of its claims, or the merits, desirability or advisability of its policy forms or kinds or plans of insurance are approved, endorsed or accredited by this state or the federal government or any agency or official of either.
- (3) If an advertisement states either that the insurer or the policy being offered is approved or licensed by this state or its Insurance Commissioner, it must also qualify the statement with words: “This does not constitute a recommendation or endorsement of (this company) (this policy)” or equivalent words.
Statutory/Other Authority
ORS 731, 743 & 746
Statutes/Other Implemented
ORS 742.009 & 746.075
History
IC 53, f. 3-5-73, ef. 3-15-73