What is an example of an unfair competition law violation?

An example of an unfair competition law violation is restraining trade by coercion. This type of action undermines fair competition within the insurance market by using force or intimidation to influence the behavior of competitors or customers, thereby creating an unfair advantage that disrupts the principles of fair market practices. Such behavior can include tactics that compel others to act against their best interests or to refrain from engaging in normal business practices.

In contrast, providing accurate policy information, offering insurance to all individuals equally, and communicating changes to policyholders are practices that align with fair competition and ethical selling standards in the insurance industry. These actions contribute to transparency, equal access, and clear communication, which are essential components of maintaining a trustworthy and competitive marketplace.