(215 ILCS 5/147) (from Ch. 73, par. 759)
Sec. 147.
Deceptive
statements as to assets prohibited.
No company doing business in this State or agent thereof, shall state or
represent by advertisement in any newspaper, periodical, magazine or over
the radio, or by any sign, circular, card, policy of insurance or
certificate of renewal thereof or otherwise that any funds or assets are
owned by such company which are not actually owned by it and available for
the payment of losses and claims and held for the protection of its
policyholders and creditors.
(Source: Laws 1937, p. 696.)
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