La. Admin. Code tit. 37 § XI-1317

Current through Register Vol. 50, No. 9, September 20, 2024

Section XI-1317 - Use of Statistics

A. An advertisement relating to the dollar amounts of claims paid, the number of persons insured, or similar statistical information relating to any insurer or policy shall not use irrelevant facts, and shall not be used unless it accurately reflects all the relevant facts. Such an advertisement shall not imply that such statistics are derived from the policy advertised unless such is the fact, and when applicable to other policies or plans shall specifically so state.

B. An advertisement shall not represent or imply that claim settlements by the insurer are liberal or generous, or use words of similar import, or that claim settlements are or will be beyond the actual terms of the contract. An unusual amount paid for a unique claim for the policy advertised is misleading and shall not be used.

C. The source of any statistics used in an advertisement shall be identified in such advertisement.

La. Admin. Code tit. 37, § XI-1317

Promulgated by the Department of Insurance, Commissioner of Insurance, November 1, 1973.

AUTHORITY NOTE: Promulgated in accordance with R.S. 22:2.