QQuestionBusiness Law
QuestionBusiness Law
All of the following are true regarding rebates except:
A. Rebates are only allowed if specifically stated in the policy.
B. Rebating can be anything of economic value, given as an inducement to buy.
C. Dividends are not considered to be rebates.
D. Rebates are allowed if it is in the best interest of the client.
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Answer
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Step 1I'll solve this insurance/legal problem step by step:
Step 2: Understand the Key Terms
- Rebate: A return of part of a payment or value given as an inducement to buy - The question asks which statement is NOT true about rebates
Final Answer
D is the incorrect statement about rebates.
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