What is the Definition of Twisting?

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.

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