Antirebate Law(redirected from Anti Rebate Law)
A law banning the practice in which an insurance agent gives a certain percentage of his/her commission to a policyholder as an incentive to buy a policy from him/her. An antirebate law is intended to encourage fair business practices in the insurance industry. Most U.S. states have antirebate laws.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved