What is the Definition of Antiselection?

What is the Definition of Antiselection?

The tendency of individuals who suspect or know they are more likely than average to experience loss to apply for or renew insurance to a greater extent than people who lack such knowledge of probable loss. Also known as adverse selection and selection against the company.

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Insurance?

What is the Definition of Antiselection?

What is the Definition of Antiselection?

Check out other definition of insurance terms below:

What is the Meaning of McCARRAN-FERGUSON ACT In Insurance Terms?

Federal law signed in 1945 in which Congress declared that states would continue to regulate the insurance business. Grants insurers a limited exemption from federal antitrust  legislation.

What is the Meaning of MEDIATION In Insurance Terms?

Nonbinding procedure in which a third party attempts to resolve a conflict between two other parties.

What is the Meaning of MEDICAID In Insurance Terms?

A federal/state public assistance program created in 1965 and administered by the states for people whose income and resources are insufficient to pay for health care.

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