Which of the following is NOT considered a rebate?

Rebates in the context of insurance typically refer to any inducement provided to an insured beyond what is included in the policy that can influence their decision to purchase insurance. The key aspect here is the nature of the transactions and incentives that are considered as rebates based on regulatory definitions.

Returning part of a premium to the insured is not classified as a rebate; instead, it is often a standard procedure within insurance policies, particularly in cases where there are overpayments or refunds upon policy cancellation. This action does not serve as an inducement to purchase in the same way that providing gift cards or multi-policy discounts does. Those examples can influence consumer behavior actively and are therefore seen as rebates because they impact the decision-making process regarding policy purchases.

In contrast, other options that involve providing additional incentives or discounts beyond the stated premium structure lead to the characterization of being a rebate, since they are extras not included in the initial terms of the insurance contract and actively encourage the buying decision. This distinction between standard refunds and inducements clarifies why returning part of a premium is not viewed as a rebate.