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Definition of 'Unfair Claims Practice'
The improper avoidance of a claim by an insurer or an attempt to reduce the size of the claim. By engaging in unfair claims practices an insurer tries to reduce its costs. However, this is illegal in many jurisdictions.
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Investopedia explains 'Unfair Claims Practice'
The National Association of Insurance Commisioners (NAIC) has created legislation that states that claims be handled fairly and that there is clear communication between the insurer and the insured. Because of this legislation, many states have implemented unfair claims practice laws.
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Search results for 'Unfair Claims Practice'
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http://www.investopedia.com/articles/financial-theory/11/experienced-investors-damages.asp
... generally goes hand in hand with an unfair generalization and ... After all, theory and
practice are two very different ... Only if the investor claims that he did not ...
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http://www.investopedia.com/articles/basics/09/misleading-advertising.asp
... This unfair comparison can easily mislead investors into ... Meaningless or Misleading
Service Claims and Promises ... Nonetheless, in practice, this does not ensure ...
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http://www.investopedia.com/articles/stocks/11/naive-diversification-vs-optimization.asp
... can itself be simplistic and a bit unfair. ... not necessarily lead to investment optimality,
in practice. ... Brian assists investors who have claims against brokers ...
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http://www.investopedia.com/articles/pf/08/deal-with-debt-collectors.asp
... The amount the collector claims you owe. ... FTC) to eliminate abusive, deceptive and
unfair debt collection ... With a little practice, you can save money at the ...
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