{"data":{"id":"us-nm/59a-16-4","jurisdiction":"us-nm","citation":"59A-16-4","heading":"Misrepresentation, false advertising of policies.","body":"No person shall make, publish, issue or circulate any estimate, illustration, circular, statement, sales presentation or comparison which:\nA. misrepresents the benefits, advantages, conditions or terms of any policy;\nB. misrepresents the premium overcharge commonly called dividends or share of the surplus to be received on any policy;\nC. makes any false or misleading statement as to dividends or share of surplus previously paid on any policy;\nD. is misleading or a misrepresentation as to the financial condition of any person, or as to the reserve system upon which any life insurer operates;\nE. uses any name or title of any policy or class of policies misrepresenting the true nature thereof;\nF. misrepresents any policy as being shares of stock; or\nG. fails to disclose material facts reasonably necessary to prevent other statements made from being misleading.","path":["Chapter 59A - Insurance Code","ARTICLE 16 Trade Practices and Frauds"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18562/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:20Z","sha256":"a5ac7a61e8b30d2684db01e05e9ebe47cc477740e2aad5a3a292813375088ede","source_id":"us-nm","stale":false,"prev":"us-nm/59a-16-3","next":"us-nm/59a-16-5"},"notice":"GroundRules: Original legal text. Not legal advice."}