§ 27-202
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/md/insurance/27-202A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§27–202.
A person may not:
(1)make, issue, circulate, or cause to be made, issued, or circulated an estimate, circular, or statement that misrepresents the terms of a policy issued or to be issued, the benefits or advantages promised by the policy, or the dividends or share of the surplus to be received on the policy;
(2)make a false or misleading statement about the dividends or share of the surplus previously paid on similar policies;
(3)make a misleading representation or any misrepresentation about the financial condition of an insurer or about the legal reserve system on which a life insurer operates; or
(4)use a name or title of a policy or class of policies that misrepresents the true nature of the policy or class of policies.