NYS P&C, Top Questions and answers, 100% Accurate, rated A+





Rebate - -The giving or offering of some benefit other than those specified in the policy such as cash, securities, etc. to induce the customer to buy insurance. In addition to other penalties, illegal rebating is subject to a fine of up to $500 per violation.



ISO - -Insurance Services Office - one of the largest bureaus which carries in depth information on the physical characteristics of buildings in many areas.



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