Giving false, inaccurate, obfuscated, or otherwise misleading information on an agent licensing application is one of them. breaking any insurance-related rules, laws, or subpoenas, whether they are in the agent's own state or another one. attempting to fraudulently or dishonestly obtain a license.
An illustration of an unfair claim settlement practice would be to try to deter a claimant from arbitrating a claim by hinting that arbitration would result in an award that is less than the amount provided.
How can a group insurer prevent poor selection?
Insurance firms can prevent adverse selection in three ways: by precisely identifying risk variables, creating a mechanism for information verification, and capping coverage.
Learn more about unfair claim here:
https://brainly.com/question/14575651
#SPJ4
