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Explain the concept adverse selection

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Reference no: EM132706010

a. Explain the concept "Adverse Selection" and with specific regard to Kenya, discuss any four circumstances/choices that qualifies adverse selection in the insurance industry

b. If liability insurance is not mandatory for the auto driver, will you still purchase it? Explain your answer

c. Explain why insurance companies usually do not offer earthquake insurance.

Reference no: EM132706010

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