Which of the following is an example of an Unfair Trade Practice?

Coercion is classified as an Unfair Trade Practice because it involves using threats or forceful tactics to persuade individuals to purchase insurance or to compel them to make decisions against their better judgment. This contradicts the principles of fair competition and ethical standards in the insurance industry. The expectation is that consumers should be able to make informed choices without pressure or intimidation.

On the other hand, transparency in policy terms, clear disclosure of risks, and providing comprehensive information are all practices that promote clarity and understanding among consumers. These practices enhance the customer's ability to make informed decisions and foster trust between the insurer and the insured. Therefore, they do not constitute unfair trade practices but instead support ethical behavior within the insurance market.