§ 781. Twisting
(a) A person shall not make any statement that is known, or should have been known, to be a misrepresentation (1) to any other person for the purpose of inducing, or tending to induce, such other person either to take out a policy of insurance, or to refuse to accept a policy issued upon an application therefor and instead take out any policy in another insurer, or (2) to a policyholder in any insurer for the purpose of inducing or tending to induce him or her to lapse, forfeit or surrender his or her insurance therein.
(b) A person shall not make any representation or comparison of insurers or policies to an insured which is misleading, for the purpose of inducing or tending to induce him or her to lapse, forfeit, change or surrender his or her insurance, whether on a temporary or permanent plan.
West's Ann.Cal.Ins.Code § 781
Churning, also known as twisting, is an attempt by an unscrupulous agent from an insurance company to cancel your existing policy and replace it with a new one, drawing down your cash value (called ?juice? in industry jargon) to pay for it. This activity generates additional commission for the agent and may result in your having to pay more down the line. It is also a word used to describe the actions of a stock broker who continually buys and sells for an account, churning profits for the broker oftentimes eating up whatever profits might be there for the consumer.
different between twist and turn
difference of motor and marine insurance
What is the difference between voluntary life insurance and life, ad/d?
There is no difference.
Difference between h03 and h05 home owners insurance?
individual insurance is for you, business insurance is for your business
the difference between a warranty and insurance, is a warranty is when you can return it to either get another or to just return it. insurance is when you have coverage over the object or living being.
Torque is a rotational or twisting force, whereas tension is a pulling force.
your not covered for damages
the difference between a proposer and the insured is that a proposer is a person or an entity who is seeking insurance and an insuerd is someone or an entity covered by an insurance policy
Homeowners insurance is often referred to as Hazard Insurance. They are the same thing.
No difference. It's the same thing
The difference between indirect and direct quote life insurance is that the insurance level will differ. Direct is when someone dies, indirect involves other factors.
The main difference between children's and adults health insurance is that children may be eligible for low- or no-cost insurance through Medicaid or the Children's Health Insurance Program.
There is no difference. These are just two different terms referring to the same thing.
There isn't a real difference between life annuity and an insurance annuity. Both are a form of life insurance and deal with the same issues. I would go with either one.
difference between third party liability and public liability
In a twisted wire, the difference in voltages is considered between the two wires. since the wires are twisted, the noise induced in the signal is neutralised in the difference. We get a perfect, noise-free reading. that's y twisting is important.
Usually the only difference between accidental death life insurance and regular life insurance is the name, although sometimes an accidental death life insurance will pay out more money if the death is accidental.
The agency is the business and the agent is a person.
The terms are interchangeable.
Essentially they are the same