Ask Question
Social StudiesSocial Studies
24 May, 08:24

When a producer, agent, or broker makes a false statement about the benefits or the nature of an insurance policy, the person is guilty of:

+4
Answers (1)
  1. 24 May, 10:16
    0
    Answer: Misrepresentation

    Explanation:

    Misrepresentation is the defined as the misleading statement and facts that are made by a person or party during contract, negotiation or agreement towards the other person. They states false statement usually to make other party to enter the contract. This is considered as act of fraud and the person can be penalized for doing so.

    According to the question, if a producer broker or any other person tries to indulge other person into a policy by making untrue statement and providing false benefits, then the person is misrepresenting and he can be blameworthy for such act.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “When a producer, agent, or broker makes a false statement about the benefits or the nature of an insurance policy, the person is guilty of: ...” in 📘 Social Studies if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
What is the most pressing challenge facing the Middle East in terms of its water supply? A) general scarcity B) pollution from farming C) pollution from industry D) bacterial contamination
Answers (2)
Twelve-year-old ryan's father returns from work tired. ryan wants his father to take him to his favorite movie, which starts in an hour. which route of persuasion should ryan attempt to obtain the highest rate of success?
Answers (1)
What are some of the problems inherent in having multiple languages in one country? For example, Canada utilizes both French and English.
Answers (1)
4. Confucianism had a strong impact on the development of China mainly because this philosophy (1) established a basic structure for military rule (2) provided a basis for social order (3) contained the framework for a communist government (4)
Answers (1)
This was the enormously widespread transfer of agricultural goods between the Eastern and Western Hemispheres that occurred after 1492.
Answers (1)
New Questions in Social Studies
Where are some places where Divergent Boundaries occur?
Answers (2)
A teacher's failure to uphold the legal and professional responsibilities associated with the care of young children is called
Answers (1)
Which one of the following types of teams is best known for having members who are organized around work processes that complete an entire piece of work requiring several interdependent tasks and have substantial autonomy over the execution of those
Answers (1)
According to labeling theorists, behavior that violates social norms but goes unnoticed by agents of social control is called Select one: a. primary deviance. b. secondary deviance. c. tertiary deviance. d. ambulatory deviance.
Answers (1)
Give a definition of the civil war.
Answers (1)
Home » Social Studies » When a producer, agent, or broker makes a false statement about the benefits or the nature of an insurance policy, the person is guilty of:
Sign Up Forgot Password?