Final answer:
The correct answer is d) Deceptive maneuver. Making misleading statements to trick a policyholder into forfeiting a life policy so they will switch insurance companies is considered a deceptive maneuver.
Step-by-step explanation:
The correct answer is d) Deceptive maneuver. Making misleading statements to trick a policyholder into forfeiting a life policy so they will switch insurance companies is considered a deceptive maneuver. This is a dishonest practice used to manipulate policyholders and gain an advantage over competitors. It is important for insurance companies to uphold ethical standards and protect the interests of their policyholders.
Making misleading statements to trick a policyholder into forfeiting a life policy so they will switch insurance companies is an example of fraud. In the insurance industry, fraud entails intentional deception made for personal gain or to damage another individual. This illegal activity not only harms policyholders but also undermines the trust and integrity of the insurance sector. Examples of deceptive maneuvers in the insurance industry include misrepresenting policy terms, providing false information about competitors, or using unethical sales tactics to convince policyholders to switch insurance companies.