NRS 686A.030 - Misrepresentation and false advertising of policies prohibited.

NV Rev Stat § 686A.030 (2019) (N/A)

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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.

(Added to NRS by 1971, 1688; A 1975, 1287)

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NRS 686A.027 - Unfair acts and practices: Use of contractual discount without applicable contractual relationship. [Effective January 1, 2020.]

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NRS 686A.040 - False information and advertising prohibited.