Public-domain · open source
OpenJurist

NRS 686A.030

Misrepresentation and false or misleading advertising of policies prohibited

Applied in 6 court decisions — leading case Humana Inc. v. Mary Forsyth et al. (1999)

Most recently applied in Humana Inc. v. Mary Forsyth et al. (January 1999)

(Added to NRS by 1971, 1688; A 1975, 1287)

How often courts cite this section

1993199920
citing decisions per year

Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.

A person shall not make, issue, circulate or cause to be made, issued or circulated, any estimate, illustration, circular, statement, sales presentation or comparison which:

1. Misrepresents the benefits, advantages, conditions or terms of any insurance policy;

2. Misrepresents the dividends or share of the surplus to be received on any insurance policy;

3. Makes any false or misleading statement as to the dividends or share of surplus previously paid on any insurance policy;

4. Is misleading or is a misrepresentation as to the financial condition of any person, or as to the legal reserve system upon which any life insurer operates;

5. Uses any name or title of any policy or class of insurance policies misrepresenting the true nature thereof;

6. Is a misrepresentation for the purpose of inducing or tending to induce the lapse, forfeiture, exchange, conversion or surrender of any insurance policy;

7. Is a misrepresentation for the purpose of effecting a pledge or assignment of or effecting a loan against any insurance policy; or

8. Misrepresents any insurance policy as being shares of stock.

Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.