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Twisting
Twisting is an insurance term for dishonest conduct in replacing
insurance policies and traditional annuities by recommending
the redemption of policies and using the proceeds to purchase
a similar insurance policy or annuity with another company.
It is similar in conduct to switching of mutual funds. Like
churning and switching, these transactions may be for the purpose
of generating commissions for the salesperson and may not be
in the best interest of the customer.
Next topic: Fraud
by Conduct: Other Fraud by Conduct
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