What is the Definition of Redlining?

What is the Definition of Redlining?

Literally means to draw a red line on a map around areas to receive special treatment. Refusal to issue insurance based solely on where applicants live is illegal in all states. Denial of insurance must be risk-based.

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

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What is the Definition of Redlining?

You can find random definition and meaning of insurance terms below:

What is the meaning of Classic automobile

A rare or historic private passenger automobile that is 10 years old or older (age may vary by state) and has been restored, maintained or preserved by classic automobile hobbyists. These types of cars are covered by classic car insurance.

What is the meaning of Classic car insurance

A type of automobile insurance designed to provide specialized coverage for classic and antique vehicles that meet certain qualifications.

What is the meaning of Coastal area

A location near a body of water, including (but not limited to) an ocean, gulf, bay, harbor, inlet, sound, bayou or water that surrounds a barrier island.

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