Author Question: By misrepresenting the true facts, Gretchen was able to convince someone to replace an existing life ... (Read 59 times)

leilurhhh · **on:** Jul 11, 2018

By misrepresenting the true facts, Gretchen was able to convince someone to replace an existing life insurance policy with another company and to purchase a new policy from the company that Gretchen represents.

Gretchen has engaged in an illegal sales practice called
A) bait and switch.
B) rebating.
C) retaliating.
D) twisting.

Question 2

Which of the following statements about premium taxes is (are) true? I. They are levied by the federal government as a result of the McCarran-Ferguson Act. II. Their primary purpose is to provide funds for insurance regulation.

A) I only
B) II only
C) both I and II
D) neither I nor II