Which of the following is a prohibited act under the Indiana insurance code?

Misrepresenting the provisions of an insurance policy is a prohibited act under the Indiana insurance code because it constitutes a form of deception directed at consumers. This act undermines the integrity of the insurance market by potentially misleading policyholders about the coverage, benefits, and limitations of their insurance products.

The insurance code is designed to protect consumers by ensuring that they receive truthful and clear information regarding their insurance policies. When an insurance agent or company misrepresents policy provisions, it can lead to improper purchases, false expectations, and financial harm to consumers who rely on the information provided to make informed decisions about their insurance needs.

In contrast, properly disclosing policy terms, providing accurate financial reports, and conducting regular customer surveys all align with the code's emphasis on transparency, accountability, and consumer protection. These activities contribute positively to the relationship between insurers and policyholders, fostering trust and ensuring that clients are well-informed about the products they are considering or have already purchased.