What term describes a false statement made by an insurance producer to replace an existing policy to the insured's detriment?

The term that accurately describes a false statement made by an insurance producer with the intent to persuade the policyholder to replace an existing insurance policy, to their detriment, is "twisting." Twisting involves misleading the insured about the benefits of a new policy in order to induce them to drop their existing coverage. This practice can lead to financial losses for the insured due to the costs associated with new policies and potential loss of coverage benefits from the old policy.

Churning, while related, specifically refers to the practice of an agent convincing a policyholder to replace a policy with another one from the same company, primarily for the purpose of earning additional commissions. Misrepresentation generally refers to any false statement that alters the understanding of a policy, and fraud encompasses a broader range of deceptive practices meant to result in unauthorized benefit. However, in the context of replacing an existing policy to the client's detriment, twisting is the precise term that captures the essence of the scenario described.