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Current as of January 01, 2025 | Updated by Findlaw Staff
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; or
8. Misrepresents any insurance policy as being shares of stock.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 57. Insurance § 686A.030. Misrepresentation and false or misleading advertising of policies prohibited - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-57-insurance/nv-rev-st-686a-030/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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