Nev. Rev. Stat. § 686A.030
Misrepresentation and false or misleading advertising of policies prohibited
Nevada · Nevada Revised Statutes Chapter 686A — Trade Practices and Frauds; Financing of Premiums · Status: effective
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- Citation
- Nev. Rev. Stat. § 686A.030, Misrepresentation and false or misleading advertising of policies prohibited, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2146365
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Full text
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.