Which of the following will NOT be considered unfair discrimination by insurers? A. Charging applicants - brainly.com (2024)

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Which of the following will NOT be considered unfair discrimination by insurers? A. Charging applicants - brainly.com? ›

Final answer:

Explanation: The correct option that will NOT be considered unfair discrimination by insurers is D. Cancelling individual coverage based on the insured's marital status.

Historically biased insurance rules include redlining, restrictive covenants, race-based insurance premiums, and what advocates call subtle proxies for unfair discrimination, such as using ZIP codes and credit scores to price auto insurance.

It is never legal to limit coverage based on marital status. -Availability of insurance benefits or coverage may not be denied based on sex or marital status. Marital status may be considered for the purpose of defining persons eligible for dependent benefits.

Which of the following will NOT be considered unfair discrimination by insurers? C Discriminating in benefits and coverages based on the insured's habits and lifestyle Correct!

Final answer: Advising a claimant to hire an attorney is not considered an unfair claim settlement practice since is not deceitful or detrimental to the claimant. It can even be beneficial in complex cases that require legal expertise.

Unfair claims practice is the improper avoidance of a claim by an insurer or an attempt to reduce the size of the claim. By engaging in unfair claims practices, an insurer tries to reduce its costs.

Underpayment: Trying to settle a claim at a lower amount than is advertised and expected. Delay of payment: Using various tactics to pressure claimant to accept less money. Lack of explanation: Failing to give a consumer complete or valid justification when denying a claim.

Insurance-based discrimination is defined as the unfair treatment that patients receive from health care providers because of the type of insurance they have or because they do not have insurance.

What is a limitation of coverage on an insurance policy? ›

Also known as your coverage amount, your insurance limit is the maximum amount your insurer may pay out for a claim, as stated in your policy. Most insurance policies, including home and auto insurance, have different types of coverages with separate coverage limits.

For example, if a homeowner's policy has a $250,000 per occurrence limit for dwelling coverage, the insurance company will pay a maximum of $250,000 for damages caused by a single event, such as a fire.

Final answer: Replacing life insurance policies is not necessarily an unfair trade practice, while rebating premiums, making derogatory statements about an insurer's financial condition, and issuing company stock to induce insurance purchases can be considered unfair practices if conducted deceptively.

Final answer: Providing claim payments under insurance guidelines is not an unfair practice, while refusing to pay claims without investigation, compelling insureds to sue, and delaying claim processing are unfair practices.

Under the laws enforced by EEOC, it is illegal to discriminate against someone (applicant or employee) because of that person's race, color, religion, sex (including gender identity, sexual orientation, and pregnancy), national origin, age (40 or older), disability or genetic information.