Minnesota Administrative Rules

2790.1100 APPROVAL BY GOVERNMENT AGENCY.

Subpart 1.

Misleading advertisements.

An advertisement or representation, whether written or oral, must not state or imply, or otherwise create the impression directly or indirectly, that the insurer, its financial condition or status, the payment of its claims, its policy forms or the merits or desirability of its policy forms or kinds or plans of insurance are approved, endorsed, or accredited by any agency of this state or the federal government, unless that is the fact.

Subp. 2.

Licensing as endorsement disclaimed.

In any advertisement or representation, whether written or oral, any reference to licensing must contain an appropriate disclaimer that the reference is not to be construed as an endorsement or implied endorsement of the insurer, agent, or agencies by the Department of Commerce or any other agency of this state.

Subp. 3.

Reproduction of report of examination prohibited.

No advertisement or representation, whether written or oral, may reproduce any portion of a Department of Commerce report of examination.

Statutory Authority:

MS c 60A; 72A

History:

9 SR 175

Published Electronically:

September 14, 2007