- #1
chound
- 164
- 0
All insurance ads have this line "Insurance is a subject mater of solicitation".
What do they mean?
What do they mean?
Insurance is a subject mater of solicitation
- Thread starter chound
- Start date
-
- Tags
- insurance
In summary, the phrase "Insurance is a subject matter of solicitation" is often seen in insurance ads, particularly in the Indian market. It is a disclaimer required by Indian regulators to make it clear that the ad is promoting insurance and not offering free services. It may also suggest that legal advice from solicitors may be involved in processing insurance claims. Some may find it demeaning, but it serves as a reminder to be cautious and informed when purchasing insurance.
- #2
Schrodinger's Dog
- 835
- 7
Insurance claims may be adjudicated by solicitors, at a wild guess. Legal jargon for if the crap hits the fan we reserve the right to take up legal advice in processing a claim perhaps?
- #3
hypatia
- 1,177
- 9
The Feds makes them put it on there ads, to make it clear that it is a ad. Because we are really dumb.
- #4
Schrodinger's Dog
- 835
- 7
That's demeaning :rofl: if your too stupid to realize it's an advert then your too stupid to buy insurance anyway. 
Last edited:
- #5
turbo
Gold Member
- 3,165
- 56
I Googled on the phrase, and it is peculiar to the Indian insurance market. Apparently, Indian regulators require this disclaimer.
- #6
cristo
Staff Emeritus
Science Advisor
- 8,146
- 74
Schrodinger's Dog said:That's demeaning :rofl: if your too stupid to realize it's an advert then your too stupid to buy insurance anyway.
It's like the small print in loan adverts over here your home is at risk if you do not keep up repayments on loans secured on it or whatever it says-- just in case you thought you were getting money for free!
1. What does "insurance is a subject matter of solicitation" mean?
This phrase means that insurance companies cannot actively seek out or solicit potential customers. Instead, customers must approach the insurance company for information and services.
2. Why is insurance considered a subject matter of solicitation?
Insurance is considered a subject matter of solicitation because it involves the sale of a product or service, which requires the active involvement of the customer. Insurance companies must follow strict regulations and guidelines when promoting their services, and solicitation is not allowed.
3. Can an insurance company advertise their services?
Yes, an insurance company can advertise their services, but they must do so in a way that does not actively seek out potential customers. This means that advertisements cannot directly ask or encourage individuals to purchase insurance.
4. Are there any exceptions to the rule of solicitation in insurance?
There are some exceptions to the rule of solicitation in insurance. For example, insurance companies may actively reach out to existing customers for renewals or offer additional services. They may also respond to inquiries from potential customers.
5. How does the concept of solicitation protect consumers?
The concept of solicitation protects consumers by ensuring that they are not pressured or manipulated into purchasing insurance. This allows consumers to make informed decisions and prevents them from being taken advantage of by aggressive sales tactics.
Similar threads
-
General Discussion
-
General Discussion
-
General Discussion
-
General Discussion
-
General Discussion
-
General Discussion
-
General Discussion
-
STEM Academic Advising
-
General Discussion