MLchartDataset catalogue

Rate discrimination

Term · Insurance and risk management · MLC-T-INS-002793

The practice of charging different premiums to policyholders for the same insurance coverage without a justifiable actuarial basis. This occurs when insurers differentiate rates based on factors unrelated to risk, such as race, religion, or national origin. Insurance laws in most jurisdictions prohibit unfair rate discrimination, requiring rates to be equitable and non-discriminatory.

Table 1. Record
IdentifierMLC-T-INS-002793
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002793",
  "term": "Rate discrimination",
  "field": "Insurance and risk management",
  "definition": "The practice of charging different premiums to policyholders for the same insurance coverage without a justifiable actuarial basis. This occurs when insurers differentiate rates based on factors unrelated to risk, such as race, religion, or national origin. Insurance laws in most jurisdictions prohibit unfair rate discrimination, requiring rates to be equitable and non-discriminatory.",
  "url": "https://mlchart.com/terminology/insurance/rate-discrimination/"
}

Record 2,851 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.