Insurance Regulation
A producer does not repeat a rumour defaming an insurer, but persuades a colleague to spread it. How does section 2604 treat the producer?
Answer and explanation
Answer: C. Section 2604 has a second limb covering a person who knowingly counsels, aids, procures or induces another to start, transmit or circulate such a statement. Neither the absence of the producer's own words nor the colleague's participation nor any profit is what decides it.Source: N.Y. Ins. Law § 2604 — § 2604
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