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17 December, 16:22

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

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  1. 17 December, 19:12
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    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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