Section 686A.030 - Misrepresentation and false or misleading advertising of policies prohibited A person shall not make, issue, circulate or cause to be made, issued or circulated, any estimate, illustration, circular, statement, sales presentation or comparison which:
1. Misrepresents the benefits, advantages, conditions or terms of any insurance policy;2. Misrepresents the dividends or share of the surplus to be received on any insurance policy;3. Makes any false or misleading statement as to the dividends or share of surplus previously paid on any insurance policy;4. Is misleading or is a misrepresentation as to the financial condition of any person, or as to the legal reserve system upon which any life insurer operates;5. Uses any name or title of any policy or class of insurance policies misrepresenting the true nature thereof;6. Is a misrepresentation for the purpose of inducing or tending to induce the lapse, forfeiture, exchange, conversion or surrender of any insurance policy;7. Is a misrepresentation for the purpose of effecting a pledge or assignment of or effecting a loan against any insurance policy; or8. Misrepresents any insurance policy as being shares of stock.Added to NRS by 1971, 1688; A 1975, 1287Added to NRS by 1971, 1688; A 1975, 1287