Which of the following is a result of adverse selection? A) The insur
Which of the following is a result of adverse selection?
A) The insurer’s financial results will be substantially improved.
B) Persons most likely to have losses are also most likely to seek insurance at standard rates.
C) It is unnecessary for the insurance company to use underwriting.
D) Insurance can be written only by the federal government.
ANSWER
Answer: B
Expert paper writers are just a few clicks away
Place an order in 3 easy steps. Takes less than 5 mins.