What does "sliding" refer to in insurance practices?

"Sliding" in insurance practices refers to the act of collecting excess premium knowingly. This occurs when an agent, during the sales process, may add on additional coverage options or charges without fully disclosing those additions to the customer. The result is that the insured pays more than what they intended or agreed upon, often for benefits or features they may not need.

Understanding the nuances of sliding is essential for anyone in the insurance industry, as it underscores the importance of transparency and honesty in dealings with clients. Insurance professionals are expected to provide clear and truthful information to help customers make informed decisions about their coverage needs. Unethical practices like sliding can lead to consumer mistrust and could eventually result in regulatory scrutiny or legal repercussions for the agent or the company involved.