Legislation

§ 2604. False statements as to insurers. No person shall either (i)
wilfully make, circulate or transmit to another any statement written,
printed or by word of mouth, which is untrue in fact and is directly or
by inference derogatory to the financial condition, or affects the
solvency or financial standing, of any insurer doing business in this
state, or (ii) knowingly counsel, aid, procure or induce another to
start, transmit or circulate any such statement.