Ohio § 3999.08

§ 3999.08.

No person for himself or as an officer, director, agent, solicitor, or representative

of any insurance company, except fire insurance companies or associations or fraternal

benefit societies, doing business in this state, shall issue, circulate, or cause

or permit to be issued or circulated any estimate, illustration, circular, or statement

of any sort misrepresenting the terms of the policy issued or to be issued by such

company or the benefits or advantages promised thereby or the dividends or shares

or surplus to be received thereon.  No person shall use any name or title of any policy or class of policies misrepresenting

the true nature thereof, or make, circulate, use, or cause to be made, circulated,

or used, any illustration, circular, or statement, whether written or oral, misrepresenting

the terms of any policy issued by any such corporation, or the benefits or advantages

promised thereby, or any misleading estimate of the dividends or shares of surplus

to be received therefrom.  No person shall make any misleading representations or incomplete comparison of

policies or certificates of insurance to any person insured in any such corporation

for the purpose of inducing or tending to induce such person to lapse, forfeit, or

surrender his said insurance.  Fines collected for violations of this section shall be paid to the county treasurer

for the use of the schools as provided in sections 3315.31 and 3315.32 of the Revised Code . Upon any such conviction the superintendent of insurance shall revoke, for not more

than one year, the license of the person, firm, corporation, or association so offending.  The superintendent, when he is of the opinion that any company or association writing

life insurance in this state, on any plan, is knowingly permitting any of its agents

to violate this section, shall give such company or association reasonable notice

of a hearing upon the charge of knowingly permitting this section to be violated,

and if he finds said company or association guilty of the offense, he shall revoke

its license.