§ 87.23. Implying that insured is stockholder.
(a) A life insurance company, broker, agent, solicitor or other representative may not make a statement which reasonably gives rise to the inference that an insured or a prospective insured, by virtue of purchasing a policy of life insurance, will enjoy a status common to a stockholder or will acquire a stock ownership interest in the insurance company.
(b) Nothing in subsection (a) is intended to prohibit the practice of pointing out those aspects in which the status of a policyholder in a mutual life insurance company is similar to that of a stockholder in a stock life insurance company.
Cross References This section cited in 31 Pa. Code § 87.21 (relating to scope).
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