kjredd6892 kjredd6892
  • 24-01-2018
  • Business
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Giving a client an inducement to a sale not stated in the policy is an unlawful practice known as

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jamuuj jamuuj
  • 05-02-2018
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.
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