No insurer shall make or issue, or cause to be issued, any written or oral statement that willfully misrepresents or willfully makes an incomplete comparison as to the terms, conditions, or benefits contained in any policy of insurance for the purpose of inducing or attempting to induce a policyholder in any way to terminate or surrender, exchange, or convert any insurance policy. Any person who violates this section is subject to the provisions of G.S. 58-2-70 or G.S. 58-3-100.
N.C. Gen. Stat. § 58-3-115
Twisting with respect to insurance policies; penalties
Applied in 2 court decisions — leading case 215 N.C. App. 268 - Cobb v. Pennsylvania Life Insurance (2011)
Most recently applied in Sykes v. Health Network Sols., Inc. (August 2017)
1961, c. 823; 1987, c. 629, s. 4; c. 787, s. 2; c. 864, ss. 3(a), 74; 1989, c. 485, s. 25; 1999-132, s. 1.3.
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.