§ 27–202
Statutes in effect as of October 1, 2026.
Md. Code Ann., Ins. § 27-202 (2026)
Title 27. Unfair Trade Practices and Other Prohibited Practices
Subtitle 2. Unfair Methods of Competition and Unfair and Deceptive Acts or Practices
§ 27–202LinkCopy Citation
A person may not:
(1)
make, issue, circulate, or cause to be made, issued, or circulated an estimate, circular, or statement that misrepresents the terms of a policy issued or to be issued, the benefits or advantages promised by the policy, or the dividends or share of the surplus to be received on the policy;
(2)
make a false or misleading statement about the dividends or share of the surplus previously paid on similar policies;
(3)
make a misleading representation or any misrepresentation about the financial condition of an insurer or about the legal reserve system on which a life insurer operates; or
(4)
use a name or title of a policy or class of policies that misrepresents the true nature of the policy or class of policies.