What is the term used for premium discrimination against policy owners?

The term used for premium discrimination against policy owners is rebating. Rebating refers to the practice where an insurer returns a portion of the premium to the policyholder as an incentive to purchase or renew a policy. While it may seem beneficial to some policyholders, rebating can lead to situations where individuals are treated differently based on their negotiation skills or knowledge about insurance products, resulting in a form of discrimination in premium pricing.

In the context of insurance regulations, rebating is often illegal in many jurisdictions because it can create unfair competition and undermine the principle of equal treatment among policyholders. It can also distort the actuarial balance that insurers rely on when assessing risk and determining pricing.

The other options do not accurately capture the concept of premium discrimination. Dating the policy a month in advance refers to timing-related practices and is not directly associated with premium discrimination. Giving false information pertains to dishonesty or fraudulent practices in obtaining insurance and does not relate to discrimination against policyholders. Twisting involves persuading a policyholder to drop a policy for one insurer to buy another from a different insurer, which can be misleading but is distinct from the act of enforcing differential prices among policyholders based on their premium payments.