Ind. Code § 27-1-12-25
This is the official text of Ind. Code § 27-1-12-25, part of Indiana’s Code — part of the compiled statutory law of Indiana, published by the state as "Code." Browse the sections below, each linked to its official government source.
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Misrepresentation of policy terms or benefits; inducing policyholder to lapse, forfeit, or surrender insurance
Official statutory text
Sec. 25. No life insurance company doing business in this state, and no officer, director or agent thereof shall make, issue or circulate, or cause to be issued or circulated, any estimate, illustration, circular, or statement of any sort misrepresenting the terms of any policy issued or to be issued by it or the benefits or advantages promised thereby, or the dividends or share of the surplus to be received thereon, or shall use any name or title of any policy or class of policies misrepresenting the true nature thereof. Nor shall a person make any misrepresentation to any person insured in any company for the purpose of inducing or tending to induce a policyholder in any company to lapse, forfeit, or surrender his insurance.
Formerly: Acts 1935, c.162, s.164. As amended by Acts 1978, P.L.2, SEC.2710.
Formerly: Acts 1935, c.162, s.164. As amended by Acts 1978, P.L.2, SEC.2710.
Status: in_force · Read it on the official government site
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