Exam term
Adverse selection
The tendency of healthier insureds to shop for new underwritten policies instead of renewing, leaving a less healthy pool that renews, which is priced into renewal rates.
Lessons that use this term
- Term life renewability and convertibility features Florida
- Underwriting: insurable interest, medical information, and risk classification Florida
- Elements of insurable risk, adverse selection, the law of large numbers, and reinsurance New York
- Underwriting: insurable interest, medical information, and risk classification New York
- Term life renewability and convertibility features New York
- Term life renewability and convertibility features Texas