Mont. Code Ann. §33-18-202 — what it says, and how the exam tests it

33-18-202. Misrepresentation and false advertising of policies prohibited. A person may not make, issue, circulate, or cause to be made, issued, or circulated any estimate, illustration, circular, sales presentation, omission, comparison, or statement that: (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 insurance policy or class of insurance policies misrepresenting the true nature of the policy or class of policies; (6) is a misrepresentation, including any intentional misquote of the premium rate, for the purpose of inducing or tending to induce the purchase, 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; (8) misrepresents any insurance policy as being shares of stock; or (9) offers or provides insurance as an inducement to the purchase of another policy or otherwise uses certain terms including but not limited to "free" or "no cost". History: En. Sec. 205, Ch. 286, L. 1959; R.C.M. 1947, 40-3503; amd. Sec. 1, Ch. 9, L. 1979; amd. Sec. 4, Ch. 229, L. 2025. Disclaimer: The Internet version of the Montana Code Annotated is provided as a research tool to users of the Code. In case of inconsistencies resulting from omissions or other errors, the printed version will prevail.