Section 500.2014 - False material statement of financial condition; false entry or omission of true entry in book, report, or statementUnfair methods of competition and unfair or deceptive acts or practices in the business of insurance include:
(a) Filing with a supervisory or other public official, or making, publishing, disseminating, circulating, or delivering to a person, or placing before the public, or causing directly or indirectly, to be made, published, disseminated, circulated, or delivered to a person, or placed before the public, a false material statement of financial condition of a person engaged in the business of insurance.(b) Making a false entry of a material fact in a book, report, or statement of a person engaged in the business of insurance or omitting to make a true entry of a material fact pertaining to the business of the person in a book, report, or statement of the person.1956, Act 218, Eff. 1/1/1957 ;--Am. 1976, Act 273, Eff. 4/1/1977 .