Are insurers allowed to charge different premium rates based on gender in Virginia?

In Virginia, it is prohibited for insurers to charge different premium rates based on gender. This aligns with the broader principle of non-discrimination in insurance practices, ensuring that individuals are treated fairly regardless of their gender. Such regulations are rooted in the belief that insurance should be based on objective factors such as risk assessment rather than demographic characteristics like gender.

This law helps to promote equality among policyholders, ensuring everyone has equitable access to insurance services at fair prices. As a result, the correct answer reflects Virginia's commitment to preventing discriminatory pricing practices in the insurance industry. Other options suggest scenarios where gender discrimination might be permissible, but Virginia's regulations explicitly deny those possibilities, reinforcing the importance of equal treatment across all policyholders.