Principios Generales de SegurosPregunta 363 de 716
Offering a prospective buyer part of the commission or another inducement not specified in the policy in order to make a sale is called:
a.Commingling
b.Defamation
c.Twisting
d.Rebating
Explicación
Rebating is offering an inducement (such as returning part of the commission, cash, or other valuable consideration) that is not stated in the policy to persuade someone to buy. Twisting involves misrepresentation to replace a policy. Commingling is improperly mixing client or premium funds with the producer's own money. Defamation is making false, damaging statements about another insurer or producer. Rebating is prohibited in most jurisdictions because it can lead to unfair discrimination among buyers.
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Preguntas relacionadas de este tema
- A producer exceeds the powers actually granted by the insurer, but a reasonable applicant believes the producer is acting for the insurer. The producer is exercising:
- The powers a producer is specifically granted in the written agency agreement with the insurer are called:
- Persuading a policyowner to drop an existing policy and replace it by using misleading or incomplete comparisons is the unfair trade practice known as:
- A producer who collects and holds premium money on behalf of the insurer occupies a position described as:
- The principle of indemnity, which limits recovery to the actual amount of a loss, generally does NOT apply to life insurance because a life policy is:
- A stranger-originated life insurance (STOLI) arrangement is prohibited primarily because:
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Revisado por John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — verificar)