Section 87.30. Implying that payment of dividends is assured  


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  • A life insurance company, broker, agent, solicitor or representative may not use the words ‘‘dividends,’’ ‘‘cash dividends,’’ ‘‘surplus’’ or similar phrases to state or imply that the payment of dividends is guaranteed or certain to occur.

Notation

Cross References

This section cited in 31 Pa. Code § 87.21 (relating to scope).