2025 Session
Last amended: 1969 session
§ 70A.20 — False or Misleading Information
Plain-Language Summary
This section makes it illegal to deliberately hide information from or lie to the commissioner, statistical agencies, rate service organizations, or insurers about anything that would affect insurance rates.
70A.20 FALSE OR MISLEADING INFORMATION.
No person or organization shall willfully withhold information from, or knowingly give false or misleading information to the commissioner, any statistical agency designated by the commissioner, any rate service organization, or any insurer, which will affect the rates chargeable under this chapter.
History:
History: History:
1969 c 958 s 20
Practical Notes
This provision ensures the integrity of the rate-setting process. Anyone involved in providing data used to set insurance rates must be truthful. Willfully providing false information can result in penalties and helps ensure that insurance rates are based on accurate data.