Making distinctions in the premium rates charged for insurance between insureds or property having like insuring or risk characteristics is an example of:
Making distinctions in the premium rates charged for insurance between insureds or property having like insuring or risk characteristics is an example of:
a - Rebating
b - Unfair Discrimination
c - Unfair Representation
d - False Underwriting
b - Unfair Discrimination
Answer: Risks showing like characteristics must be treated equally. Making distinctions on similar risks is unfair discrimination.
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