HB4250 HB&I AM 1-30
The Committee on Banking & Insurance moves to amend the bill on page 2, line 1, after the word "authorized" by striking out the period and inserting in lieu thereof a comma, and the words "with the following amendment:
On page 17, section 11, by striking section 11 in its entirety and inserting in lieu thereof the following:
'§114-11C-11. Failure to comply.
A violation of paragraphs 5.2 or 5.3, section 5 of this rule by an insurer constitutes a statement or omission which misrepresents the benefits, advantages, conditions or terms of a life insurance policy.'"
Adopted
Rejected