CHAPTER 46

S.P. 151 - L.D. 464

An Act To Prohibit Certain Uses of a Financial Institution's

Name

Be it enacted by the People of the State of Maine as follows:

Sec. 1. 24-A MRSA §2154, as enacted by PL 1969, c. 132, §1, is amended to read:

§2154. False information, advertising

No A person shall may not make, publish, disseminate, circulate, or place before the public, or cause, 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 or television 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 that person's insurance business, which that is untrue, deceptive or misleading or that uses the name of a financial institution without that financial institution's express written permission unless the person discloses that the person does not have permission to use the financial institution's name and the person discloses that the person is not affiliated with the financial institution.