Which of the following is an example of unfair trade practices?

An example of unfair trade practices includes charging higher premiums based on personal bias. This practice is considered unfair because it discriminates against individuals based on personal characteristics, rather than objective criteria related to risk assessment or underwriting standards. Insurance regulations are established to promote fairness and transparency in pricing, and biases can lead to unequal treatment of clients, undermining the principles of equity and fairness in the insurance marketplace.

In contrast, offering legitimate discounts to loyal customers, providing accurate information about policy benefits, and engaging in comparative advertising without deception are all practices that align with fair conduct in the industry. These actions contribute positively to consumer relationships and maintain ethical standards in insurance operations.