What is the maximum allowed value of a gift that an agent can give to an insured?

The maximum allowed value of a gift that an agent can give to an insured is $25. This limit is established to prevent any undue influence on a client's decision-making process, ensuring that agents maintain ethical standards in their professional conduct. By having a cap on the value of gifts, it helps to maintain the integrity of the insurance profession and protects consumers from potential coercion. Offering gifts above the set limit might lead to conflicts of interest or perceptions of impropriety, which could harm the trust between agents and clients. Therefore, the value of $25 strikes a balance, allowing agents to show appreciation without crossing ethical boundaries.