Florida Life and Health Insurance License Practice Test

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Prepare for the Florida Life and Health Insurance License Test. Study with flashcards and multiple choice questions, each with hints and explanations. Get ready for your certification exam with ease!

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An example of an unfair trade practice is

  1. Providing excellent customer service

  2. Making a material misrepresentation to an insured

  3. Offering competitive pricing

  4. Rewarding customers for loyalty

The correct answer is: Making a material misrepresentation to an insured

An example of an unfair trade practice would be making a material misrepresentation to an insured. This means that the person or company providing the service is deceiving the customer in some way. This practice is unethical and can lead to legal consequences. The other options are not considered unfair trade practices. Providing excellent customer service, offering competitive pricing, and rewarding customers for loyalty are all positive actions that businesses can take to attract and retain customers. These practices are not considered unfair as long as they are done honestly and transparently.

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