DISHONEST AND UNETHICAL BUSINESS PRACTICES

011 DISHONEST AND UNETHICAL BUSINESS PRACTICES. 011.01 The conduct set forth in 48 NAC 12.002 constitutes “an act, practice or course of business which operates, or would operate, as a fraud or deceit upon another person” by an agent for purposes of Section 8-1102(1)(c) of the Act. 011.02 The conduct set forth in .003, .004 and .005 constitutes “dishonest or unethical business practices” by an agent for purposes of Section 8-1103(9)(a)(vii) of the Act. 011.03 The delineation of certain acts and practices is not intended to be all inclusive. Acts or practices not enumerated therein may also be deemed fraudulent and dishonest.