Blanket Additional Insured Endorsement. An insurance policy endorsement that automatically provides coverage ... Insurance that protects a company and/or business owner in the ... Additional insurance coverage that is automatically included ... Any type of insurance policy that protects an individual or business ...
What is a 'Rebate' A rebate is the portion of interest or dividends earned by the owner (lender) of securities that are paid to a short seller (borrower) of the securities. The borrower is required to pay the interest or dividends to the owner.
Under the Model Act, the rebating practice of splitting insurance commissions with the consumer to induce a sale is classified as both an unfair method of competition and an unfair or deceptive act or practice in the business of insurance. The Model Act is directed at companies, agents, and brokers.