Insurer practices using armed forces personnel or programs considered false, misleading, deceptive, or unfair.

Checkout our iOS App for a better way to browser and research.

58-33-123. Insurer practices using armed forces personnel or programs considered false, misleading, deceptive, or unfair.

The following acts or practices, if committed on a military installation by an insurer or insurance producer, constitute corrupt practices or improper influences or inducements and are declared to be false, misleading, deceptive, or unfair:

(1)Using Department of Defense personnel, directly or indirectly, as a representative or agent in any official or business capacity with or without compensation with respect to the solicitation or sale of life insurance to service members; or

(2)Using an insurance producer to participate in any education or orientation program sponsored by the armed forces of the United States.

Source: SL 2008, ch 272, §7.


Download our app to see the most-to-date content.