WebTwisting is a word with negative connations in the insurance industry which refers to the actions of an agent to persuade a policy holder to cancel a policy, or allow it to lapse, and sign up for a new one so as to earn sales commissions. The types of policies that are often twisted by rogue insurance agents are health and life insurance policies. WebTwisting definition, the act of squirming or turning about; wiggling: Her restless twisting disturbed the bedsheets. See more.
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Twisting Insurance (What It Means And Why It’s Important)
WebOct 21, 2024 · Author: www.irmi.com Date Submitted: 11/09/2024 04:44 PM Average star voting: 3 ⭐ ( 82139 reviews) Summary: Define Twisting. means any action by a producer or insurer to induce or attempt to induce any individual to lapse, forfeit, surrender, terminate, retain, assign, borrow, or convert a policy or an annuity in order that such individual … WebMay 5, 2024 · Insurance twisting is the practice of trying to induce a policyholder to switch their insurance policy with a similar one from a competitor. The reason it is referred to as … WebNov 5, 2024 · Churning in the insurance industry is used in a variety of contexts. Insurance companies use it to refer to the “customer churn” or attrition rate of customers who stop … pippin pottery