Questions: Nathan wants Haley to purchase a life insurance policy from him. Haley says that at the point in her life she can't afford that kind of investment. Nathan offers her a 300 bonus in exchange for her agreeing to purchase a life insurance policy from him. He does not include any reference to the bonus in the insurance policy. Which of the prohibited practices did Nathan commit? Misrepresentation Fraud Rebating Bribery

The answer is Rebating.

Misrepresentation involves providing false or misleading information about the terms or benefits of an insurance policy. In this scenario, Nathan did not misrepresent the policy itself; he offered an additional incentive.

Fraud typically involves deceit or trickery to gain an unfair advantage. While Nathan's actions are unethical, they do not constitute fraud as there is no indication of deceit regarding the policy's terms.

Rebating is the practice of offering a financial incentive or inducement to a prospective policyholder to purchase an insurance policy. Nathan's offer of a $300 bonus to Haley in exchange for purchasing a policy falls under this category, as it is an inducement not disclosed in the policy.

Bribery involves offering something of value to influence the actions of someone in a position of power. In this context, Nathan's offer is not to influence a decision-maker but to entice a customer, which aligns more with rebating than bribery.