Misrepresentations of Terms of Policy and Future dividends by Companies, Et Cetera

Section 347. Misrepresentations of Terms of Policy and Future dividends by Companies, Et Cetera.--No insurance company, association, or exchange, or any member, officer, director, or attorney-in-fact thereof, or any other person in its behalf, shall issue, circulate, or use, or cause or permit to be issued, circulated, or used, any written or oral statement or circular misrepresenting the terms of any policy issued or to be issued by such company, association, or exchange, or make an estimate, with intent to deceive, of the future dividends payable under any such policy.