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:

Terms Used In Nevada Revised Statutes 686A.030

  • person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039

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.

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