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Grading Basis: Graded
The insurance underwriting and pricing process, of necessity, involves making choices among applicants on an individual and group basis. At its core, this process involves discrimination. This class explores such discrimination and considers what are the allowable bounds. Our study will include, how risk is evaluated, what the transfer of risk entails as well as the role of insurers in current society and its historic role in the United States economy. Specific cases of race, geography, age, gender, health and disability will be evaluated, along with changes over time in insurers' treatment of these factors and what has prompted these changes.