Ask Question
3 June, 16:13

Giving a client an inducement to a sale not stated in the policy is an unlawful practice known as

+2
Answers (1)
  1. 3 June, 16:33
    0
    The practice is known as Rebating. Rebating is returning a portion of the premium or the agent's/broker's commission on the premium to the insured or other inducements to place business with a specific insurer. it has been illegal to extremely varying extents in at least 49 states for decades. Insurers must use filed rate credits or have supporting methodology.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Giving a client an inducement to a sale not stated in the policy is an unlawful practice known as ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers