FALSE FINANCIAL STATEMENT

(a) It is an unfair method of competition or an unfair or deceptive act or practice in the business of insurance to, with intent to deceive: (1) file with a supervisory or other public official a false statement of financial condition of an insurer; or (2) make, publish, disseminate, circulate, deliver to any person, or place before the public or directly or indirectly cause to be made, published, disseminated, circulated, delivered to any person, or placed before the public a false statement of financial condition of an insurer. (b) It is an unfair method of competition or an unfair or deceptive act or practice in the business of insurance to make a false entry in an insurer's book, report, or statement or wilfully omit to make a true entry of a material fact relating to the insurer's business in the insurer's book, report, or statement with intent to deceive: (1) an agent or examiner lawfully appointed to examine the insurer's condition or affairs; or (2) a public official to whom the insurer is required by law to report or who has authority by law to examine the insurer's condition or affairs.