Feb 19, 2025 · Learn why insurance rebating is prohibited, how regulations define it, and the consequences for violations to ensure fair industry practices.

Oct 21, 2024 · Rebating is a practice where a potential insurance client is encouraged to purchase an insurance product by returning the commission intended for the broker or agent as compensation for …

Jul 30, 2024 · Rebating involves insurance agents offering incentives, such as cash or gifts, to induce the purchase of a policy. While it might seem appealing, rebating is often illegal and can lead to …

In this informative piece, we delve into the concept of rebating, which refers to the practice of offering incentives or inducements to potential insurance customers as a means of gaining their business.

Jun 21, 2023 · Insurance rebating is illegal in most states, and sometimes hard to define. Learn the basics of rebating in insurance, and what new changes might be coming to the laws.

Rebating is a term often used in various industries, especially insurance, to describe the practice of returning a portion of the premium paid by a client to incentivize them for choosing a particular …

Aug 20, 2025 · RMA has released numerous guidance documents regarding rebating which are listed below under “References”. This FAQ summarizes the rebating prohibition guidance and provides …

Oct 25, 2024 · Insurance rebating refers to the practice where an insurance agent, broker, or company provides a portion of the insurance commission or premium to the policyholder as an incentive to …

Nearly all states in the United States have broad statutory prohibitions on the payment of “rebates” or “inducements” in connection with the purchase of insurance.

Rebating refers to returning a portion of the premium or the agent's/broker's commission on the premium to the insured or other inducements to place business with a specific insurer. Rebating is illegal in the …