§ 87.32. Statements concerning projected dividends.
A life insurance company, broker, agent, solicitor or representative may not make a statement or imply that projected dividends under a participating policy will be or may be sufficient to assure the receipt of benefits, such as a paid-up policy, without the further payment of premiums, unless the statement is accompanied by an adequate explanation as to what benefits or coverage would be provided or discontinued at the time and the conditions under which this would occur.
Cross References This section cited in 31 Pa. Code § 87.21 (relating to scope).
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