General InsuranceSeen in 68 questions
Adverse Selection
The tendency of poorer-than-average risks to seek or continue insurance more readily than better risks, which raises losses above what the insurer priced for. Underwriting exists to control it.
Drill all 803 terms as flip-card flashcards in the Exam Engine →
Practice This Concept
- General InsuranceIf adverse selection becomes severe in an insurance pool, the most direct consequence i…
- General InsuranceA group health plan automatically enrolls every full-time employee and requires no evid…
- General InsuranceHow can a producer helping an applicant complete a health insurance application most di…
- General InsuranceGroup health insurance typically experiences less adverse selection than individually i…
- General InsuranceAdverse selection is generally a greater concern in individually underwritten policies …
- General InsuranceWhich statement correctly distinguishes adverse selection from moral hazard?
Practice all general insurance questions →