What is an insurance company prohibited from using in its advertising?

What must insurance company use in its advertising?

An insurer is required to disclose its name on all advertisements pertain- ing to it or its products. For life products, the insurer must disclose the policy number if a specific prod- uct is advertised. This also applies to health insurance advertisements that are considered to be an “invitation to contract”.

What is not considered advertising for insurance?

Any “descriptive literature” or sales aids, like booklets, leaflets, form letters, etc. Any training or informational materials that the public could ever see.

Is it illegal for an insurance company to advertise?

It is unlawful for a member insurer, agent or affiliate of a member insurer, or other person to make, publish, circulate or place before the public, or cause any other person to do so, in any publication, notice, circular, letter or poster, or over any radio or television station, any advertisement or statement, …

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Can insurance companies advertise?

Insurers are supposed to maintain tight control over ads using their name, including any ads placed by their agents. Most require agents to have written approval from the insurer to use any ads and fliers, regardless of the type of insurance involved.

Is it illegal for an insurance company to advertise that it is the leader of the financial industry?

Is it illegal for an insurance company to advertise that it is the leader of the financial industry and therefore pays the most claims each year? Yes; advertisements must not mislead the public in terms of financial standing.

How long must an insurance company maintain its advertising files?

The principal rule, found under section 2190.3, requires an agent to keep his file for 18 months after an insurance transaction, which includes the following items: 1) the identity of each person who transacted the insurance, 2) all binders showing the names of the insured and insurer, the nature of the coverage, and …

What is a non participating company sometimes called?

A nonparticipating company is sometimes called a(n) stock insurer. A stock insurer is referred to as a nonparticipating company because policyholders do not participate in dividends resulting from stock ownership.

Which of the following Cannot be included along with illustrations used to sell life insurance?

Which of the following CANNOT be included along with illustrations used to sell life insurance? Illustrations used to sell life insurance cannot use the term “vanishing premium” – or any similar term – that implies the policy becomes paid up.

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What must be disclosed when a producer advertises a life insurance policy?

Advertisements must be truthful and not misleading in fact or by implication. -An advertisement will not use as the name or title of a life insurance policy any phrase that does not include the words “life insurance” unless accompanied by other language clearly indicating it is life insurance.

Who is responsible for the content and form of insurance advertisements?

Who is responsible for the contents of life insurance advertising? All advertisements are the responsibility of the insurer. 180 days.

Do usage of words or symbols that are similar to what entity is prohibited in life insurance advertisements?

Correct! No combination of words, symbols, etc. similar to those of state or federal government agencies may be used that might mislead prospective insureds into believing the solicitation is connected with a government agency.

Which of the following would be considered a violation of Rule 13 life insurance advertising?

An insured receives a new individual life insurance policy and is not satisfied with the provisions. … Which of the following would be considered a violation of Rule 13: Life Insurance Advertising? Calling an insurance policy an investment plan.