Question

An agent who makes misleading statements that lead to the termination of an existing insurance policy so that a new policy with another insurer can be taken out has committed

Answer 1

He has committed "twisting".

Twisting is intentionally putting forth deceptive expressions that would make a insured to lapse, appoint, or end insurance policy with a specific end goal to switch companies or policies. It is the demonstration of initiating or endeavor to instigate a policy owner to drop a current policy and to take another policy by utilizing deceptions or fragmented correlations of the focal points of the two policies.