How does Connecticut law address the manipulation of premiums based on age?

Connecticut law takes a balanced approach to the manipulation of premiums based on age by allowing insurers to use age as a factor but limits how this factor is applied. Specifically, the correct response indicates that insurers cannot discriminate against individuals based on age beyond specified allowable brackets. This means that while age can influence premium rates, it must do so within established guidelines that prevent unfair discrimination against older or younger policyholders.

This regulatory framework is designed to provide insurers with the ability to assess risk based on age while ensuring that this assessment does not lead to unjust premiums that could adversely affect specific groups. Overall, this approach aims to maintain fairness in the insurance market while still allowing actuaries to use relevant data in their pricing models.