QQuestionBusiness Law
QuestionBusiness Law
An example of rebating would be:
A. A mutual insurance company paying dividends to its policyowners
B. Reducing the premiums across the board for a specific risk class
C. Offering a client something of value not stated in the contract in exchange for their business
D. Using intimidation in order to restrain or monopolize the business of insurance
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Answer
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Step 1I'll solve this problem step by step, following the specified formatting guidelines:
Step 2: Analyze the key terms
The problem is asking about the definition of rebating in insurance. Let's carefully examine each option to determine which best describes rebating.
Final Answer
Rebating involves offering an inducement or value not specified in the original insurance contract to entice a client to purchase insurance.
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