New SIDBI Grade A New Batch Starts on Nov 18

    Register

    Question

    _______ in the insurance industry involves an applicant gaining insurance at a cost that is below their true level of risk.

    A Reverse selection Correct Answer Incorrect Answer
    B Adverse selection Correct Answer Incorrect Answer
    C Consumer Selection Correct Answer Incorrect Answer
    D Buyer Selection Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Adverse selection in the insurance industry involves an applicant gaining insurance at a cost that is below their true level of risk.

    Practice Next