Which of the following is an example of a deceptive act in insurance?

Providing false information to obtain lower premiums is clearly an example of a deceptive act in insurance. This behavior undermines the integrity of the insurance system, as it distorts risk assessment and leads to unfair pricing structures for both the insurer and other policyholders. Insurance companies rely on accurate information to determine premiums, and when applicants falsify details, it can result in financial loss for the insurer and potentially deny coverage to those who are honest.

Accurate reporting of prior claims history, filing legitimate claims, and disclosing all material facts are all actions that reinforce honesty and transparency within the insurance process. These actions ensure that the insurance system functions fairly and effectively, with all parties being treated equitably based on true, accurate data.