Convincing a customer that trades are necessary in order to generate a commission This is an unethical practice
A form of misrepresentation in which an agent induces a policyowner to cancel an insurance policy and use the cash value of that policy to buy a new policy In the process, the agent does not inform the policyowner of the differences between the two policies nor the financial consequences of the replacement Twisting involves a misleading or incomplete comparison of the policies to the disadvantage of the policyowner Twisting is a prohibited insurance sales practice
the act of rotating rapidly; "he gave the crank a spin"; "it broke off after much twisting"
a process of combining two or more parallel yarns into a ply yarn or cord for greater strength and smoothness, carried out by a twister
The practice of inducing a policy owner in one company to lapse, forfeit, or surrender a policy for the purpose of taking out a policy in another company It is a crime in all states and is typically classified as a misdemeanor
Practice of inducing a policyowner in one company to lapse, forfeit or surrender a life insurance policy for the purpose of taking out a policy in another company Generally classified as a misdemeanor, subject to fine, revocation of license and sometimes imprisonment
The practice of inducing by misrepresentation, or inaccurate or in-complete comparison, a policyholder in one company to lapse, forfeit or surrender his insurance for the purpose of taking out a policy in another company
Bad posture of the horse The haunches are deviating from the axis of direction and escape control of the rider ("twisted" horse)
In life insurance, inducing an insured through misrepresentation to drop an existing policy in order to take a similar policy from the selling agent Twisting is cause for license revocation in most states and is an offense that is against the law in many states (See also: replacement )
The curling around the lengthwise axis of a length of tape that has been unwound from the roll and allowed to hang freely
The practice of inducing by misrepresentation, or inaccurate or incomplete comparison, a policyholder in one company to lapse, forfeit or surrender his/her insurance for the purpose of taking out a policy in another company
{i} winding, spinning; spinning of twine; rotating; revolving; distortion; overtrading, churning (Finance); use of deception to encourage clients to change life insurance companies
the act of distorting something so it seems to mean something it was not intended to mean
having a twisting or snake-like or worm-like motion; "squirming boys"; "wiggly worms"; "writhing snakes"
The practice of convincing a policyholder to lapse or cancel a policy specifically for the purpose of replacing the coverage previously in effect
Excessive trading in a client's account by a broker seeking to maximize commissions regardless of the client's best interests, in violation of NASD rules, also called churning or overtrading
Illegal practice of inducing a policyowner to drop an existing policy in one company and take out a new policy in another through misrepresentation or incomplete information
Practice of inducing a policy owner in one company to lapse, forfeit or surrender a life insurance policy for the purpose of taking out a policy in another company Generally classified as a misdemeanor, subject to fine, revocation of license and sometimes imprisonment
Illegal activity in which an agent convinces a prospect to cancel existing insurance and buy another policy from the agent, to the detriment of the prospect