Which type of conduct is strictly prohibited regarding insurance for individuals over the age of 70?

The conduct of refusing to provide insurance coverage based on a person's age is strictly prohibited, particularly for individuals over the age of 70. This prohibition is often rooted in fairness and equity regulations, which aim to prevent discrimination against seniors. It acknowledges the importance of protecting individuals from being denied access to necessary insurance based solely on their age, which may not accurately reflect their health status or risk profile.

Regulatory frameworks recognize that older adults deserve access to insurance products just like younger individuals, regardless of age-related stereotypes or assumptions about their health or risk levels. By prohibiting the outright refusal of coverage, these regulations promote equal treatment and ensure that older adults can receive the financial protection they may need, especially as they age.

The other options, while they may involve age-related considerations, do not address the core issue of outright denial of coverage based on age, which is why they are not the primary focus of this regulation. The essence of this regulation is to ensure that age does not serve as a barrier to accessing essential insurance products.