contestada

if an insurance company makes a statement that its policies are guaranteed by the existence of the Insurance Guaranty Association, that would be considered

Respuesta :

Answer: An unfair trade practice

Explanation:

Insurance guaranty associations are the organizations that help in the protection of the interest of the insurance policyholders in a case whereby there's insolvency on the part of the insurance company.

In a scenario whereby an insurance company makes a statement that its policies are guaranteed by the existence of the Insurance Guaranty Association, this is not appropriate and should be termed to be an unfair trade practice.

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