How To Define Rebating?
Policyholder premium or other concessional premiums or partial compensation of agent / brokerage commissions for doing business with some insurers. Exemptions are illegal in most states. Insurers should use the credit for the deposit installment or there should be a support procedure for this.
Rebating definition is: It is customary for the insured broker to pay a commission or part of it to form a discount insurance cell. Compensation is usually paid through insurance agents.
Discounts can also be called concessions. However, concessions may also apply to indirect forms of payment or services provided by brokers or agents.
Surrender is illegal in many provinces and states. Although discount laws vary widely, their overall purpose is to protect consumers from improper sales activities by insurance companies and authorized agents. In life insurance, brokers who offer discounts or encourage consumers to buy life insurance risk the insurance license.
Meanings of Rebating
Refund (cash) in the form of a discount.
A partial refund for someone who has paid more than their taxes, rent or benefits.
Warehouse (piece of wood)
A step-shaped hole is cut along the edge or face of a piece of wood and usually forms a fusion with the edge or tongue of another cut.
Sentences of Rebating
The state pays a portion of your social security contributions and your employer's contribution to the project.
This system simplifies the change in housing tax by providing first year rebate
You can use it at a discount
Synonyms of Rebating
die out , abate , run dry , stop , partial refund, fade , rebate , fail , lessen , refund, run out , give out , wane , drain , come to nothing , taper off , repayment, recede , evaporate , ebb , diminish , pall