Making distinctions in the premium rates charged for insurance between insureds or property having like insuring or risk characteristics is an example of?

The chosen answer, which refers to making distinctions in premium rates for insureds or properties with similar insuring or risk characteristics, correctly identifies the concept of unfair discrimination. This term is used in the insurance industry to signify a situation where different insurance premiums are charged to individuals or properties that, based on objective underwriting criteria, present comparable risks. Such practices are typically regulated and may be prohibited because they can lead to unfair treatment of consumers.

In the context of insurance, all insureds with similar risk profiles should ideally be treated equally in terms of their premium rates. Charging different rates without a valid reason related to the risk presented can lead to inequities and undermine trust in the insurance system.

The other concepts listed do not appropriately fit the situation described. Promotional strategies would refer to marketing methods used to attract customers rather than discrepancies in rate charges. Risk management pertains to identifying, assessing, and prioritizing risks while implementing controls to minimize their impact, differing entirely from the practice of adjusting premium rates. Insurance pooling relates to the aggregation of risks by insurers to spread financial exposure across multiple entities, which does not involve discriminatory rate practices.