People with higher loss exposure have the tendency to purchase insurance more often than those at average risk. This is called

Insurance

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People with higher loss exposure have the tendency to purchase insurance more often than those at average risk. This is called

Options

a) risk retention
b) preexisting conditions
c) law of large numbers
d) adverse selection

Answer: d) adverse selection

The above question People with higher loss exposure have the tendency to purchase insurance more often than those at average risk. This is called, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.