Section 760IAC1-18-18. Statements of services and settlement policies

Latest version.

   SERVICE FACILITIES. An advertisement shall not contain untrue statements with respect to the time within which claims are paid or statements which imply that claim settlements will be liberal or generous beyond the terms of the policy. An advertisement promising cost savings derived from elimination of the agent shall also indicate that no direct personal service may be expected, if such is the fact.

  Interpretation of Section B 15 [this section]

  No comment believed necessary. (Department of Insurance; Reg 19,Sec B15; filed May 9, 1972, 4:15 pm: Rules and Regs. 1973, p. 423; readopted filed Sep 14, 2001, 12:22 p.m.: 25 IR 531; readopted filed Nov 27, 2007, 4:01 p.m.: 20071226-IR-760070717RFA; readopted filed Nov 26, 2013, 3:43 p.m.: 20131225-IR-760130479RFA)

                    
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