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Misrepresentation

Let's talk about the process of creating and distributing an estimate, illustration, circular, or statement that does not accurately represent the terms, dividends, or share of surplus for a policy. This is known as issuing or circulating a false representation. It can also refer to using an incorrect name or title for a policy. As finance professionals, it is important to understand the implications of false representations and how they can impact the industry as a whole.

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