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Which of the following is an example of a producer being involved in an unfair trade practice of rebating?
Options
a) Making deceptive statements about a competitor
b) Telling a client that his first premium will be waived if he purchased the insurance policy today
c) Inducing the insured to drop a policy in favor of another one when it’s not in the insured’s best interest
d) Charging a client a higher premium for the same policy as another client in the same insuring class
Answer: b) Telling a client that his first premium will be waived if he purchased the insurance policy today
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