N.D. Admin. Code 45-06-16-04

Current through Supplement No. 394, October, 2024

Section 45-06-16-04 - Standards of marketing

An issuer through its producers, shall:

1. Provide an outline of coverage to applicants at the time application is presented to the prospective applicant and shall obtain an acknowledgment of receipt of the outline from the applicant.

2. Establish marketing procedures to assure any comparison of policies by its agents or other producers will be fair and accurate.

3. Establish marketing procedures to assure full disclosure is given to the insured.

4. Establish auditable procedures for verifying compliance with this section.

N.D. Admin Code 45-06-16-04

Adopted by Administrative Rules Supplement 374, October 2019, effective 10/1/2019.

General Authority: NDCC 26.1-36-38

Law Implemented: NDCC 26.1-36-49