What is the definition of rebating according to the model act?

Answer Answer Rebating is when an agent, offers reimbursment to an applicant (in any form) for applying for or continuing to renew a policy. It is very illegal.

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What is the definition of income according to the IRS?

Income is any type of property, money, etc that a taxpayer receives during the year from all worldwide sources of income.Go to the IRS gov website and use the search box for Publication 525 (2009),... Read More »

What is the definition of silver bullion according to the Patriot Act II?

The generally accepted definition of silver bullion is lump metal, in the form of bars or ingots. Coins and decorative items are not usually considered types of bullion. The Patriot Act II legislat... Read More »

What is the definition of coercion according to the Texas penal code?

The Texas Penal Code defines its meaning of the word "coercion" in its chapter on General Provisions. Along with other definitions, it is located in Section 1.07. Definitions.DefinitionAccording to... Read More »

What is insurance rebating?

Insurance is a competitive business. Regulative authorities have enacted several laws to keep the marketplace fair for agents and to protect consumers. One of these laws prohibits "rebating," which... Read More »