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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.

Single Premium Policy

Life insurance is a financial product that offers coverage for a specific period or for your entire life, depending on the terms of the contract. It involves a one-time lump...

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Contestable Clause

A key aspect of an insurance policy is the provision outlining the circumstances in which the insurer can challenge or invalidate the policy. This condition, known as a con...

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Insurer

Insurance is a crucial aspect of risk management, and it involves transferring financial risks to an insurance company. This party, known as the insurer, provides coverage t...

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Receivables

Accounts receivable refers to the money that a company is owed by its customers for goods or services provided. It is an important aspect of a business's financial health, as...

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