Which of the following is classified as an unfair trade practice?

Misrepresentations and false advertising of insurance policies is classified as an unfair trade practice because it involves providing false or misleading information about the terms, benefits, or coverage of insurance products. This can deceive consumers into purchasing a policy based on incorrect or incomplete information, leading to a lack of informed decision-making. Such practices undermine trust in the insurance industry, violate ethical standards, and can harm consumers financially.

In contrast, offering discounts for new customers is generally seen as a common marketing strategy aimed at attracting business and is not inherently unfair. Providing promotional materials to agents is a normal part of the business relationship between insurers and agents, designed to support sales efforts. Conducting market research surveys is an essential practice for understanding consumer needs and improving products, and does not involve misleading or manipulating the information presented to consumers.