§ 58-58-40. Misrepresentations of policy forbidden. - North Carolina Statutes

§58‑58‑40.  Misrepresentations of policy forbidden.

No life insurance companydoing business in this State, and no officer, director, solicitor, or otheragent thereof, shall make, issue, or circulate, or cause to be made, issued, orcirculated any estimate, illustration, circular, or statement of any sortmisrepresenting the terms of the policy issued by it or the dividends or shareof surplus to be received thereon, or shall use any name or title of any policyor class of policies misrepresenting the true nature thereof. Nor shall anysuch company, agent, or broker make any misrepresentation to any person insuredin said company or in any other insurer or governmental agency for the purposeof inducing or tending to induce such person to lapse, forfeit, or surrenderhis said insurance. (1913, c. 95; C.S., s. 6459; 1947, c. 721.)