No person shall make, issue, circulate, or cause to be made, issued or circulated, an estimate, illustration, circular or statement, sales presentation, omission, or comparison that:
(1) Misrepresents the benefits, advantages, conditions, or terms of a policy;
(2) Misrepresents the dividends or share of the surplus to be received on a policy;
(3) Makes a false or misleading statement as to the dividends or share of surplus previously paid on a policy;
(4) Is misleading or is a misrepresentation as to the financial condition of an insurer or as to the legal reserve system upon which a life insurer operates;
(5) Uses a name or title of a policy or class of policies misrepresenting the true nature thereof;
(6) Is a misrepresentation, including an intentional erroneous quotation of a premium rate for the purpose of inducing, or tending to induce, the purchase, lapse, forfeiture, exchange, conversion, or surrender of a policy;
(7) Is a misrepresentation for the purpose of effecting a pledge or assignment of, or effecting a loan against, a policy;
(8) Misrepresents a policy as being shares of stock; or
(9) Uses a name which deceptively infers or suggests that it is an insurer if it is not an insurer.
(Apr. 3, 2001, D.C. Law 13-265, § 103, 48 DCR 1225.)
Structure District of Columbia Code
Title 31 - Insurance and Securities
Chapter 22A - Unfair Insurance Trade Practices
§ 31–2231.02. General prohibition
§ 31–2231.03. Misrepresentations and false advertising of insurance policies
§ 31–2231.04. False information and advertising generally
§ 31–2231.06. Boycott, coercion, and intimidation
§ 31–2231.07. Illegal dealing in premiums; excess charges for insurance
§ 31–2231.08. False statements and entries
§ 31–2231.09. Stock operations and advisory board contracts
§ 31–2231.10. Failure to maintain marketing and performance records
§ 31–2231.11. Unfair discrimination
§ 31–2231.12. Rebates: life, health, and annuities
§ 31–2231.13. Unfair discrimination and rebates prohibited; property, casualty, and surety insurance
§ 31–2231.14. Interlocking ownerships, management
§ 31–2231.15. Unfair financial planning practices; an insurance agent or broker
§ 31–2231.16. Failure to provide claims history
§ 31–2231.17. Unfair claim settlement practices
§ 31–2231.18. Failure to maintain complaint handling procedures
§ 31–2231.19. Misrepresentation in insurance application
§ 31–2231.20. Favored agent or insurer; coercion of debtors
§ 31–2231.20a. Prohibition on offsetting short-term disability benefits
§ 31–2231.21. “Twisting” prohibited
§ 31–2231.22. Powers of the Commissioner; cease and desist orders