Which of the following insurance practices attempts to minimize the adverse selection problem insurance companies face?

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Risk-based premiums attempt to minimize the adverse selection problem by charging higher premiums to individuals who are deemed to be at higher risk of filing a claim. This incentivizes healthier individuals to opt into the insurance pool and balances out the risk pool. Prevention of fraud, restrictive provisions, and deductibles may also help prevent adverse selection, but they are not specifically focused on reducing it.

Which of the Following Insurance Practices Attempts to Minimize the Adverse