An advertisement shall not contain statements which are untrue in fact, or misleading by implication, with respect to the assets, corporate structure, financial standing, age, or relative position of the insurer in the insurance business. An advertisement shall not contain a recommendation by any commercial rating system unless it clearly indicates the purpose of the recommendation and the limitations of the scope and extent of the recommendation.

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