Mich. Admin. Code R. 500.1383

Current through Vol. 24-22, December 15, 2024

Section R. 500.1383 - False and misleading statements; recommendation or rating by commercial rating organization

Rule 13. An advertisement shall not contain statements, pictures, or illustrations which are false or misleading, in fact or by implication, with respect to the assets, liabilities, insurance in force, corporate structure, financial condition, age, or relative position of the insurer in the insurance business. An advertisement shall not contain a recommendation or rating by any commercial rating organization unless it clearly defines the scope and extent of the recommendation or rating.

1984 AACS