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When a producer offers a prospective insured a portable dishwasher as a bonus for purchasing a policy, he/she could be guilty of:__________

1 Answer

6 votes

Answer:

The correct answer to the following answer will be Rebating.

Step-by-step explanation:

Rebating: It is a manner to get potential insurance customers to purchase the insurance product by returning their money to the broker or agent. The insurance company can even offer premium or even donation discounts. Insurance regulators do not find this to be a good exercise since unfair competition can grow and insurance insolvency can occur.

Therefore, Rebating is the correct answer.

answered
User Santhosh Nayak
by
8.3k points
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