Understand the concept of rebate in general insurance terms, including its legal implications and differences from reduced premiums or rate adjustments.
Learn what a pretext interview is in general insurance terms, where one party misrepresents their identity or intent. Understand the implications and why it's important.
Learn about market conduct in the insurance industry, encompassing sales, marketing, and product issuance, ensuring compliance with laws and regulations.
Explore the concept of moral hazard in insurance, where an insured's attitudes or morals lead to risky behavior. Learn with an example involving fraudulent claims.
Learn about the role of a fiduciary in insurance, their responsibilities, and the legal obligations to act ethically when handling the money or property held in trust.
