- (a) A life insurance company, broker, agent, solicitor or representative may not make a statement or reference which would reasonably tend to imply that by purchasing a policy the purchaser or prospective purchaser will become a member of a limited group of persons who may receive special advantages or favored treatment in the payment of dividends, unless the benefits are specifically provided in the insurance contract.
- (b) Subsection (a) does not apply to policies under which insured persons of one class of risk may receive dividends at a higher rate than persons of another class of risk.
Cross References
This section cited in 31 Pa. Code § 87.21 (relating to scope).