What unfair trade practices are each of the
following insurance agents violating? Explain the terms that you use.
Agent Jones offers a client to pay a portion of
the premium if the client purchases a policy.
Agent Peterson convinces a client to replace a
life insurance policy with a new policy that adds little value.
owns a building worth $800,000. She insures the building for $300,000 with
Company A, $400,000 with Company B, and $100,000 with Company C. There is
a fire, and the building sustains $100,000 in damage.