This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following is a result of adverse selection? A) The insurer's financial results will ... (Read 76 times)

K@

  • Hero Member
  • *****
  • Posts: 608
on: Jul 11, 2018
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.

Question 2

The tendency for unhealthy people to seek life or health insurance at standard rates is an example of
 
  A) moral hazard.
  B) fundamental risk.
  C) attitudinal hazard.
  D) adverse selection.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

joshbk44

  • Sr. Member
  • ****
  • Posts: 340
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: B

Answer to Question 2

Answer: D


K@

  • Member
  • Posts: 608
Reply 2 on: Jul 11, 2018
Wow, this really help

Liddy

  • Member
  • Posts: 342
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Altruistic behaviour or kin selection? Altruistic behaviour or kin selection?
Three principle forms of natural selection: (a) stabilizing selection, (b) directional selection, an Three principle forms of natural selection: (a) stabilizing selection, (b) directional selection, an
This graphic illustrates the original systems model of politics advanced by David Easton. Politics This graphic illustrates the original systems model of politics advanced by David Easton. Politics
Adverse Effects Associated with Oral Contraceptives Adverse Effects Associated with Oral Contraceptives
Blood types and results of donor and recipient combinations. Blood types and results of donor and recipient combinations.
(a) Monozygotic (MZ) twins result from the fertilization of a single egg by a single sperm. After on (a) Monozygotic (MZ) twins result from the fertilization of a single egg by a single sperm. After on
Video: Properties of macromolecules (Explained with No Audio)

For a complete list of videos, visit our video library