Final answer:
Rebating in insurance, the practice of returning a part of an agent's commission to the client, is permitted with the client's written consent, though regulations can vary by jurisdiction.
Step-by-step explanation:
The subject of the question is related to the practice of rebating in the insurance industry. Rebating refers to the return of a portion of the insurance agent's commission to the insured as an inducement to purchase the policy.
The correct answer to the question 'Rebating of a portion of an agent's commission is permitted:' is b. With written client consent.
However, it is important to note that laws on rebating vary by jurisdiction, and while some areas may allow it with client consent, others may not permit it at all.
Therefore, agents and brokers must be knowledgeable about the regulations in their respective states or countries.
b. With written client consent.