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Insurance

Rebating

One concept that is frequently deemed unlawful by both legal authorities and regulators is the act of an insurance sales agent offering a portion of their commission to the buyer. This practice, known as rebating, is strictly prohibited in the finance industry. It is important for individuals to be aware of such practices and understand the implications of participating in them. As knowledgeable individuals in the field of finance, it is our duty to educate and guide others on these matters.

Liability insurance

Insurance is a contract between a policy-holder and an insurance company where the former agrees to pay a premium in exchange for coverage in case of any financial losses du...

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Professional liability insurance

Professional liability insurance provides coverage for professionals in case of negligence, errors, or omissions that result in harm to their clients. This type of insurance...

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Fire insurance

Understanding insurance coverage is crucial for any individual or business owner. One such coverage, included in homeowners and commercial multiple peril policies, protects ...

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Primary Policy

In the world of finance, it's important to understand the concept of "primary insurance." This refers to the insurance policy that takes precedence over any others when it c...

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