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
As a caregiver, being a good neighbor means A. caring for your neighbor's child. B. loaning things to your neighbor. C. cleaning up litter in the neighbor's yard. D. keeping your facility in good condition.
Answers (1)
When campaign workers are canvassing neighborhoods, one of their goals is to identify voters who will support their candidate. sell campaign buttons door to door. determine the income level of a community.
Answers (2)
A nurse is caring for a recently married, 29-year-old female client, who was diagnosed with acute lymphocytic leukemia. The client is preparing for an allogeneic bone marrow transplant.
Answers (1)
Professor Delano suggests that because people are especially attracted to those who are good-looking, handsome men will be more successful than average-looking men in getting a job.
Answers (1)
In crime insurance, which of the following individuals is NOT considered to be a "custodian"? A. Sales clerk; B. Janitor; C. Partner; D. Named insured
Answers (1)
New Questions in Social Studies
Which event of the American Revolution is known as "the shot heard 'round the world"?
Answers (1)
One way in which the five relationships, the ten commandments, and the eightfold path are similar is that they
Answers (1)
In general, subjective well-being: A. decreases in older age. B. increases for older men and decreases for older women. C. increases for older women and decreases for older men. D. increases in older age.
Answers (2)
According to the textbook, it is common for friendships to become less important in our lives during
Answers (1)
What condition are clients who are frequently hospitalized as well as nurses more often diagnosed with than the general population?
No Answers
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?