Aninducementin insurance involves offering something of value to persuade someone to purchase a policy, which is consideredrebatingand prohibited in Oklahoma unless allowed under specific exceptions (Title 36 O.S. § 1204). Oklahoma allows gifts valued at $100 or less as non-rebating promotional items, so a gift under $100 is not an inducement. Other actions, like promising employment, offering premium payment favors, or giving high-value merchandise, are considered inducements.
Option A: Incorrect (is an inducement). Promising employment to secure a policy sale is rebating.
Option B: Correct (is not an inducement). A gift valued less than $100 is permitted and not considered rebating.
Option C: Incorrect (is an inducement). Special favors in premium payments are rebating.
Option D: Incorrect (is an inducement). Giving merchandise worth $250 exceeds the $100 limit and is rebating.
[:, Prometric Oklahoma Life, Accident, and Health or Sickness Producer Exam Content Outline (Section: State-Specific Knowledge – Oklahoma Insurance Statutes)., Oklahoma Insurance Department, Title 36 O.S. § 1204 (unfair trade practices, rebating)., Standard insurance study guides (e.g., Kaplan, ExamFX) for Oklahoma producer licensing., , , ]
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