Georgia Laws, Rules, and Regulations Pertinent to Life, Accident, and Sickness Insurance
An agent's account of a competitor's finances is technically accurate in each figure but leaves an impression far from the truth. Is section 33-6-4(3) engaged?
Answer and explanation
Answer: D. Section 33-6-4(3) reaches a statement that is false, maliciously critical of, or substantially misrepresents the financial condition of an insurer. Accuracy in each figure does not save an account that substantially misrepresents the whole, and lost business is not an element.Source: O.C.G.A. § 33-6-4 — 33-6-4(3), Substantially misrepresents
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