Business Studies, asked by anushka9299, 5 days ago

what are the
unfair practices in insurance?

Answers

Answered by nidhimore171
1

Answer:

Unfair claims practice is the improper avoidance of a claim by an insurer or an attempt to reduce the size of the claim. By engaging in unfair claims practices, an insurer tries to reduce its costs. However, this is illegal in many jurisdictions.

Answered by soniya6635
2

Answer:

Unfair claims practice is the improper avoidance of a claim by an insurer or an attempt to reduce the size of the claim. By engaging in unfair claims practices, an insurer tries to reduce its costs. However, this is illegal in many jurisdictions.

Explanation:

Hope it helps.

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