Insurance Law 7809 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 7808 Examinations or investigations up ARTICLE 78 Life Settlements next SECTION 7810 Privacy Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email SECTION 7809 Advertising Insurance (ISC) CHAPTER 28, ARTICLE 78 § 7809. Advertising. (a) A life settlement provider, life settlement intermediary or life settlement broker licensed pursuant to this article may conduct or participate in advertisements within this state. The advertisements shall comply with all advertising and marketing laws or rules and regulations as may be promulgated by the superintendent. (b) Advertisements shall be accurate, truthful and not misleading in fact or by implication. (c) No life settlement provider, life settlement intermediary, life settlement broker, or any person acting on behalf thereof shall: (1) directly or indirectly, market, advertise, solicit or otherwise promote the purchase of a policy for the primary purpose of, or with an emphasis on, settling the policy; or (2) use the words "free", "no cost" or words of similar import in the marketing, advertising, soliciting or otherwise promoting of the purchase of a policy. (d) The failure to follow the provisions of this section shall be a defined violation under article twenty-four of this chapter.