No person shall make, issue, circulate, or cause to be made, issued or circulated, an estimate, illustration, circular or statement, sales presentation, omission, or comparison that:
(1) Misrepresents the benefits, advantages, conditions, or terms of a policy;(2) Misrepresents the dividends or share of the surplus to be received on a policy;(3) Makes a false or misleading statement as to the dividends or share of surplus previously paid on a policy;(4) Is misleading or is a misrepresentation as to the financial condition of an insurer or as to the legal reserve system upon which a life insurer operates;(5) Uses a name or title of a policy or class of policies misrepresenting the true nature thereof;(6) Is a misrepresentation, including an intentional erroneous quotation of a premium rate for the purpose of inducing, or tending to induce, the purchase, lapse, forfeiture, exchange, conversion, or surrender of a policy;(7) Is a misrepresentation for the purpose of effecting a pledge or assignment of, or effecting a loan against, a policy;(8) Misrepresents a policy as being shares of stock; or(9) Uses a name which deceptively infers or suggests that it is an insurer if it is not an insurer.Apr. 3, 2001, D.C. Law 13-265, § 103, 48 DCR 1225.