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§ 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.
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Is there a difference between a life annuity and an insurance annuity?
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.
What is the difference between term and whole life insurance if there is any?
The difference between term life insurance and whole life insurance is that a term policy covers the insured for a "term of years" whereas a whole insurance policy covers the insured for the entire life period.
What is the difference between life insurance and life assurance?
The terms are interchangeable.
Difference between pooling of risk in shortterm and longterm insurance?
terms period
Difference between FOB and C and F?
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What is the difference between twisting and turning?
different between twist and turn
What is the difference between motor insurance and marine insurance?
difference of motor and marine insurance
Difference between h03 and h05 home owners insurance?
Difference between h03 and h05 home owners insurance?
What is the difference between a warranty and insurance?
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.
What is the difference between insurer and insurance company?
Nothing
What is the difference between a Proposer and the Insured?
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
What is the difference between Non Trucking Liability insurance and Bobtail Insurance?
your not covered for damages
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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.
What is the difference between intussusception of the bowel and cecal volvulus?
Volvulus is a twisting, while intussusception is a telescope-like collapse of the bowel into intself.
What is the difference between home owners insurance and hazard insurance?
Homeowners insurance is often referred to as Hazard Insurance. They are the same thing.
What is the difference in childrens' insurance and adult insurance?
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.
What the difference between Professional Liability and Practice Insurance?
No difference. It's the same thing
