Adverse selection is a phenomenon wherein the insurer is confronted with the probability of loss due to risk not factored in at the time of sale. Definition: Adverse selection is a phenomenon wherein the insurer is confronted with the probability of loss due to risk not factored in at the time of sale.
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Jeff M. Charlotte, NC. âI cannot thank you enough! This is my third service contract now with Acton Toyota, and I can assure you that I will be referring anyone I know with a Toyota to consider Acton first before getting a service contract! And of course you will be receiving all my future service contract business! Best wishes!â.