Section 500.2007 - Unfair methods of competition or deception; false, deceptive or misleading advertising.
THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
500.2007 Unfair methods of competition or deception; false, deceptive or misleading advertising.
Sec. 2007.
The following are defined as unfair methods of competition and unfair and deceptive acts or practices in the business of insurance:
Making, publishing, disseminating, circulating, or placing before the public, or causing, directly or indirectly, to be made, published, disseminated, circulated, or placed before the public, in a newspaper, magazine or other publication, or in the form of a notice, circular, pamphlet, letter or poster, or over any radio station, or in any other way, an advertisement, announcement or statement containing any assertion, representation or statement with respect to the business of insurance or with respect to any person in the conduct of his insurance business, which is untrue, deceptive or misleading.
History: 1956, Act 218, Eff. Jan. 1, 1957
Popular Name: Act 218