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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In Florida, which of the following is considered an Unfair Trade Practice?

Coercion
Transparency
Competition
Fair dealing

The correct answer is: Coercion

Coercion is the act of using force, threats or intimidation to influence someone's choices or actions, which is considered an Unfair Trade Practice in Florida. Transparency, competition, and fair dealing are all important values in the business world, but they do not fall under the specific category of Unfair Trade Practices. Transparency promotes honesty and openness in business dealings, competition encourages a healthy market and fair dealing promotes ethical and moral behavior in business transactions. While these values may help prevent Unfair Trade Practices, they are not considered Unfair Trade Practices themselves. Therefore, A Coercion is the only correct answer in this scenario.