What is the Definition of Twisting?
An illegal insurance sales practice, in which a sales agent misrepresents the features of a contract in order to induce the contract owner to replace his current contract, often to the disadvantage of the contract owner. (See Misrepresentation)
Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/
Label: Insurance
Theme: Dictionary of Insurance Terms
Other Questions: What is the definition of Annuity?
What is the Definition of Twisting?
You can find random definition and meaning of insurance terms below:
What is the meaning of Joint-Life Annuity
an annuity contract that ceases upon the death of the first of two or more annuitants.
What is the meaning of Key-Persons Insurance
a policy purchased by, for the benefit of, a business insuring the life or lives of personnel integral to the business operations.
What is the meaning of Kidnap/Ransom Insurance
coverage for ransom or extortion costs and related expenses.
Thank you for visiting our website and read this FAQ article about "What is the Definition of Twisting?". We hope you get what you searching for.
definitionly.com is a website that contains information about the definition or meaning of a word. You can search for the terms you are looking for in the search field above.