Insurance Regulation
What false advertising does section 2603 forbid an insurance corporation or its agent to circulate in this state?
Answer and explanation
Answer: C. Section 2603 stops an insurance corporation, or an officer, director or agent, from issuing or circulating any illustration, circular or statement indicating that it can transact a business other than what its certificate of authority permits. Premium comparisons, mentions of the department and unaudited surplus figures are governed elsewhere.Source: N.Y. Ins. Law § 2603 — § 2603
More insurance regulation questions
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