(b) Advertisements shall be accurate, truthful and not misleading in
fact or by implication.
(c) No life settlement provider, life settlement intermediary, life
settlement broker, or any person acting on behalf thereof shall:
(1) directly or indirectly, market, advertise, solicit or otherwise
promote the purchase of a policy for the primary purpose of, or with an
emphasis on, settling the policy; or
(2) use the words "free", "no cost" or words of similar import in the
marketing, advertising, soliciting or otherwise promoting of the
purchase of a policy.
(d) The failure to follow the provisions of this section shall be a
defined violation under article twenty-four of this chapter.
Structure New York Laws
7803 - License Requirements for Life Settlement Providers.
7804 - Registration Requirements for Life Settlement Intermediaries.
7805 - License and Registration Revocation.
7806 - Life Settlement Contract Forms.
7807 - Reporting Requirements.
7808 - Examinations and Investigations.
7811 - Disclosures to Owners and Insureds.
7812 - Life Insurance Applications.
7815 - Stranger-Originated Life Insurance.
7816 - Penalties and Civil Remedies.
7817 - Authority to Promulgate Regulations.
7818 - Nonconforming Contracts.