§901-A. Deceptive insurance practices
1.
A person is guilty of deceptive insurance practices if in the course of engaging in the business of insurance that person intentionally makes a false statement with respect to a material fact concerning, or intentionally materially alters, any of the following:
A.
A document filed with the Superintendent of Insurance or the insurance regulatory official or agency of another jurisdiction with respect to:
(1)
The financial condition of an insurer;
(2)
The formation, acquisition, merger, consolidation, dissolution or withdrawal from one or more lines of insurance in all or part of this State by an insurer;
(3)
The issuance of written evidence of insurance; or
(4)
The reinstatement of an insurance policy;
[PL 1997, c. 779, §2 (NEW).]
B.
A document submitted by an insured, claimant or applicant to an insurer, insurance producer or other person; or
[PL 1997, c. 779, §2 (NEW).]
C.
A document or report filed with a law enforcement agency.
[PL 1997, c. 779, §2 (NEW).]
[PL 1997, c. 779, §2 (NEW).]
2.
A person is guilty of deceptive insurance practices if in the course of engaging in the business of insurance that person intentionally does any of the following:
A.
Transacts the business of insurance in this State without proper licensure, certification or authorization;
[PL 1997, c. 779, §2 (NEW).]
B.
Destroys, conceals, removes or otherwise impairs the verity or availability of any records of an insurer with the intent to deceive; or
[PL 1997, c. 779, §2 (NEW).]
C.
Solicits or accepts new or renewal insurance risks on behalf of an insurer or the person engaged in the business of insurance by a person who knows or should know that the insurer or other person responsible for the risk is insolvent at the time of the transaction.
[PL 1997, c. 779, §2 (NEW).]
[PL 1997, c. 779, §2 (NEW).]
3.
Deceptive insurance practices is a Class D crime.
[PL 1997, c. 779, §2 (NEW).]
SECTION HISTORY
PL 1997, c. 779, §2 (NEW).