The failure of an insurer to provide or deliver a Buyer’s Guide, or a Policy Summary as provided in N.C. Gen. Stat. § 58-60-15(a) and (b) shall constitute an omission which misrepresents the benefits, advantages, conditions or terms of an insurance policy within the meaning of N.C. Gen. Stat. § 58-58-40 and Article 63 (Unfair Trade Practice Act) of this Chapter. (1979, c. 447.)