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chound
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All insurance ads have this line "Insurance is a subject mater of solicitation".
What do they mean?
What do they mean?
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.
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.
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.
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.
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.
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.