North Carolina General Statutes 58-33-75. Twisting with respect to insurance policies; penalties
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No licensee shall make or issue, or cause to be issued, any written or oral statement that willfully misrepresents or willfully makes an incomplete comparison as to the terms, conditions, or benefits contained in any policy of insurance for the purpose of inducing or attempting to induce a policyholder in any way to terminate or surrender, exchange, or convert any insurance policy. Any person who violates this section is subject to the provisions of N.C. Gen. Stat. § 58-2-70 and N.C. Gen. Stat. § 58-33-46. (1987, c. 629, s. 1; c. 864, s. 75; 2001-203, s. 21.)
Terms Used In North Carolina General Statutes 58-33-75
- Insurance: means any of the kinds of insurance in N. See North Carolina General Statutes 58-33-10
- Person: means an individual or a business entity, but does not mean a county, city, or other political subdivision of the State of North Carolina. See North Carolina General Statutes 58-33-10
- Terminate: means the cancellation of the relationship between an insurance producer or limited representative and the insurer or the termination of a producer's or limited representative's authority to transact insurance. See North Carolina General Statutes 58-33-10