Question 10022 of 287 · Texas Life, Accident and Health Agent Exam
Under Texas law, rebating is
Exactly one answer is correct.
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Correct answer to question 10022
- D: giving or offering a premium discount, commission share, or other valuable consideration not specified in the policy, to induce a purchase
Explanation
Rebating gives the buyer an inducement that others do not receive. It is generally prohibited, with some exceptions for approved incentives, such as gifts of small value.
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