Twisting

Also known as: Illegal Replacement

An unfair trade practice involving misrepresentation or incomplete policy comparisons to persuade a policyholder to drop or lapse an existing policy to buy another, to the policyholder's detriment.

“Making any misleading misrepresentation or incomplete comparison of policies to induce any person to lapse, forfeit, or surrender an existing policy.”

naic-unfair-trade · Model Act § 4(A)

Tested on

Life & Health Property & Casualty

Related terms

Rebating

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