Florida Life and Health Insurance License Practice Test

In Florida, which of the following is considered an Unfair Trade Practice?

1. Coercion

2. Transparency

3. Competition

4. Fair dealing

The correct answer is: Coercion

Coercion is the act of using force, threats or intimidation to influence someone's choices or actions, which is considered an Unfair Trade Practice in Florida. Transparency, competition, and fair dealing are all important values in the business world, but they do not fall under the specific category of Unfair Trade Practices. Transparency promotes honesty and openness in business dealings, competition encourages a healthy market and fair dealing promotes ethical and moral behavior in business transactions. While these values may help prevent Unfair Trade Practices, they are not considered Unfair Trade Practices themselves. Therefore, A Coercion is the only correct answer in this scenario.