New Mexico § 59A-16-4 Misrepresentation, false advertising of policies

New Mexico Statutes

§ 59A-16-4 — Misrepresentation, false advertising of policies

New Mexico·Ch. 59A Insurance Code·Art. 16 Trade Practices and Frauds

No person shall make, publish, issue or circulate any estimate, illustration, circular, statement, sales presentation or comparison which: A. misrepresents the benefits, advantages, conditions or terms of any policy; B. misrepresents the premium overcharge commonly called dividends or share of the surplus to be received on any policy; C. makes any false or misleading statement as to dividends or share of surplus previously paid on any policy; D. is misleading or a misrepresentation as to the financial condition of any person, or as to the reserve system upon which any life insurer operates; E. uses any name or title of any policy or class of policies misrepresenting the true nature thereof; F. misrepresents any policy as being shares of stock; or G. fails to disclose material facts reasona

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No person shall make, publish, issue or circulate any estimate, illustration, circular, statement, sales presentation or comparison which: A. misrepresents the benefits, advantages, conditions or terms of any policy; B. misrepresents the premium overcharge commonly called dividends or share of the surplus to be received on any policy; C. makes any false or misleading statement as to dividends or share of surplus previously paid on any policy; D. is misleading or a misrepresentation as to the financial condition of any person, or as to the reserve system upon which any life insurer operates; E. uses any name or title of any policy or class of policies misrepresenting the true nature thereof; F. misrepresents any policy as being shares of stock; or G. fails to disclose material facts reasonably necessary to prevent other statements made from being misleading.

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