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The company is cutting costs as it deliberately slows policy sales to industries such as construction.
Online policy sales are common; in fact, one Warwick, R.I., broker, Insuremytrip.com, lets buyers compare policies' benefits at its site.
But if products can be returned and wholesalers take advantage of that policy, sales could be overstated, he said.
The insurer reported good growth in motor and commercial policy sales, but home insurance premiums were flat.
Policy sales expectations, comparative valuations, a dual-share structure and use of the proceeds all conspired to keep prospective buyers at bay.
It feels that it would be unjust, on principle, to rewrite rules after the event and then to declare policy sales unlawful.
Similar(44)
"We need reform of competition policy, sale of public sector assets, regionalisation of the minimum wage, no-strike agreements in the public sector and refocusing of trade policy on bilateral rather than multilateral agreements.
If you do not use your alarm and are burgled, the insurer may turn down a claim, but householders can appeal at the Financial Ombudsman Service if they feel this was not made clear at the time of the policy sale or in subsequent communications.
The CPA's fee for accounting advice might be nice, but the commission he can get from an insurance policy sale would be nicer.
The court file contains a 1999 disclosure statement from Orman herself saying she was an "investment advisor" to Garat with a "conflict of interest," presumably because of a commission for the policy sale.
Say for example if you hoped to obtain an annual income of $30,000 from policies sales commissions, you will have to earn $2,500 a month from the sales commissions.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com