Text of information required to be disclosed; use of misleading omissions, language or illustrations; use of name or title of insurer or policy; prohibited statements, implications and words.
1. The information required to be disclosed under NRS 688C.350 to 688C.430, inclusive, may not be minimized, obscured, presented ambiguously or so intermingled with other text of an advertisement as to be confusing or misleading.
2. An advertisement may not omit material information or use language or illustrations if the omission or use has a capacity or tendency to, or does, mislead viators as to the nature or extent of any benefit, loss covered, premium payable or effect on federal or state taxes. Making a viatical settlement available for inspection before it is consummated, or offering to refund payment if the viator is not satisfied within the period prescribed in NRS 688C.300, does not remedy misleading statements.
3. An advertisement may not use the name or title of an insurer or policy unless the advertisement has been approved by the insurer.
4. An advertisement may not state or imply that interest charged on an accelerated death benefit or loan on a policy is unfair or in any way improper.
5. The words “free,” “no additional cost” or words of similar import may not be used with respect to any benefit or service unless true.
Last modified: February 27, 2006