Question

An agent has advertised that the insurer to which the agent is appointed with is a member of the Insurance Guarantee Association. This agent has committed a(n): unfair method of competition.

- A) True
- B) False

Answer 1

False. An agent claiming that the insurer they are appointed with is a member of the Insurance Guarantee Association is not committing an unfair method of competition.

Step-by-step explanation:

False. An agent who claims that the insurer they are appointed with is a member of the Insurance Guarantee Association is not committing an unfair method of competition. The Insurance Guarantee Association is an organization established to protect policyholders in the event that an insurance company becomes insolvent or fails to fulfill its obligations.