§ 26-13-103 — Misrepresentations and false advertising prohibited

(a) No person shall:
(i) Make, issue, circulate, or cause to be made,
issued or circulated, any estimate, circular or statement
misrepresenting the terms of any policy issued or to be issued
or the benefits or advantages promised thereby or the dividends
or share of the surplus to be received thereon;
(ii) Make any false or misleading statement as to the
dividends or share of surplus previously paid on similar
policies;
(iii) Make any misleading representation or any
misrepresentation as to the financial condition of any insurer
or as to the legal reserve system upon which any life insurer
operates; or
(iv) Use any name or title of any policy or class of
policies misrepresenting the true nature thereof.