Consolidated Mortgage Company et al.
Volume 73 · 73 F.T.C. 711
deceptive advertisingcredit lending
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Consolidated Mortgage Company et al., 73 F.T.C. 711 (1968). Consumer Law Library, https://consumerlawlibrary.org/decisions/v073-0041
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in the policy.
It is further ordered, That the respondent herein shall, within sixty (60) days after service upon it of this order, file with the Commission a report in writing setting forth in detail the manner and form in which it has complied with this order.
IN THE MATTER OF
CONSOLIDATED MORTGAGE COMPANY ET AL.
ORDER DISMISSING AN ORDER IN REGARD TO THE ALLEGED VIOLATION OF THE FEDERAL TRADE COMMISSION ACT
Docket 8723. Complaint, Dec. 8, 1966—Decision, Apr. 19, 1968
Order reopening an order dated February 19, 1968, page 376 herein, against a now dissolved Providence, R.I., mortgage loan company and its officers, and dismissing the complaint and setting aside the order as to the corporate respondent.
ORDER REOPENING AND DISMISSING COMPLAINT AND SETTING ASIDE ORDER AS TO CORPORATE RESPONDENT
Respondents, on March 18, 1968, filed with the Commission a petition, requesting the Commission to reconsider its opinion and final order issued February 19, 1968, on the grounds that the Commission
CONSOLIDATED MORTGAGE CO. ET AL. 711
699 Order
representation and the insurer does in fact indemnify for residence in such a hospital.
10. Representing to insured individuals who file claims that the policy under which they claim does not cover injuries if the accident from which the injuries resulted was caused by the insured's negligence or intoxication unless the policy is in fact so limited and such limitations are clearly and conspicuously disclosed in the advertising material for the policy. 11. Representing that any policy provides for indemnification against disability or loss due to sickness, disease, accident or death, in any amount or for any period of time, unless a statement of all the conditions, exceptions, restrictions, limitations, costs and possible additional assessments affecting the indemnification actually provided is set forth conspicuously, prominently and in sufficiently close conjunction with the representation or representations as will fully relieve it of all capacity to deceive. 12. Omitting any material limitations in the coverage of any policy in any advertising which purports to describe the coverage in the policy.
It is further ordered, That the respondent herein shall, within sixty (60) days after service upon it of this order, file with the Commission a report in writing setting forth in detail the manner and form in which it has complied with this order.
IN THE MATTER OF