[TX P&C] 8. Misrepresentation, Rebating and Unfair Competition

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn:

- How to differentiate misrepresentation, defamation, coercion, and illegal rebating under Texas law.

- The specific Texas statutory exception permitting promotional advertising items, educational items, or traditional courtesies valued at $25 or less in connection with policy offers or sales.

- How loss-control services relative to policy coverage and premiums fit into Texas anti-rebating provisions.

- A concrete sales scenario illustrating multiple concurrent unfair trade practice violations.

- A simple decision rule (M-D-C-R) to quickly analyze unfair competition questions on the exam.

This independent educational resource helps candidates prepare for the Texas General Lines Property and Casualty insurance licensing exam. Access interactive study tools at https://open-exam-prep.com/practice/tx-property-casualty and https://www.youtube.com/@Open-exam-prep .

Sources checked: September 28, 2026:

- https://tcss.legis.texas.gov/resources/IN/htm/IN.1806.htm

- https://www.tdi.texas.gov/agent/general-property-apply.html