Adverse selection occurs when one party in a transaction has more information than the other, especially in insurance and finance-related activities.
For other uses of Ada, see Ada (disambiguation). Ada is a city in and the county seat of Pontotoc County, Oklahoma, United States. The population was 16,810 at the 2010 census, an increase of 7.1 percent from 15,691 at the 2000 census. The city was named for Ada Reed, the daughter of an early settler, and was incorporated in 1901.
Nowata County is located in northeastern Oklahoma. Surrounding Oklahoma counties include Craig on the east, Rogers on the south, and Washington on the west. The Kansas counties of Montgomery and Labette border on the north. Archaeologists believe humans first occupied Nowata County some six centuries ago.