Ohio Insurance Laws and Regulations Practice Exam

This practice is known as a rebate. Although a donation, gift, or bonus may also involve one party giving something to another, there is typically no expectation of payment or exchange of services in return. In contrast, a rebate specifically involves the insurance agent agreeing to cover a portion or the entirety of the first monthly premium in order to incentivize the applicant to purchase a policy. Therefore, B is the most accurate option.