Unfair Trade Practices
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Misrepresentation/False Advertising of Policies
1. Misrepresentation of benefits 2. Misrepresentation of dividends 3. Misrepresentation of the financial condx or reserves of the insurer 4. Names or titles of insurance policies that misrepresent of the true nature of the contract
Unfair Trade Practices Act (7)
Prohibits all practices considered by the State as an unfair method of competition or a deceptive practice.
Unfair Discrimination
between individuals with similar exposures & hazards
Defamation
false oral or written statements to injure another party
Boycotting/Coercion/Intimidation
forcing insured to sign policy
Rebating
if you sign this you will get this amount of money
Misuse of Confidential Information
sharing with other?
