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Life and Health Insurance

?

Which of the following is an example of a rebate?

Premium reductions, promises and personal services not specified in the policy.
Selling insurance only to one's own family.
Charging a fee for researching an insurance quote.
None of the answers listed.

Correct - Your answer is correct.

Wrong - Your answer is wrong.

Detailed Answer

Correct answer: (A)
Premium reductions, promises and personal services not specified in the policy.

Rebating is offering a discount of premium, advantage, or valuable consideration that is not specified in the policy.

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