Question

Charging insureds in the same class with the same hazards different premiums is an example of

A) Unfair discrimination
B) Risk assessment
C) Actuarial pricing
D) Underwriting guidelines

Answer 1

Charging insureds in the same class with the same hazards different premiums is an example of unfair discrimination.

Step-by-step explanation:

Charging insureds in the same class with the same hazards different premiums is an example of Unfair discrimination. This refers to the practice of unfairly charging different premiums based on factors such as age, gender, or race, rather than assessing risk objectively.