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Agent Smith is involved in a scheme in which insurance policies he sells are handled by a number of intermediaries, and each transaction generates a

Agent Smith is involved in a scheme in which insurance policies he sells are handled by a number of intermediaries, and each transaction generates a commission, albeit on the same policy. Which of the following schemes is taking place here?

  • a. misrepresentation
  • b. false documents
  • c. premium diversion
  • d. fee churning

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