Are you looking for the correct answer to the question “Moral hazard is described as the”? If that’s the case, you don’t have to worry anymore. AzAnswer team is here with the right answer to your question. Please check below to know the answer.
Moral hazard is described as the
Options
A) increased chance of loss because of an insured’s recklessness
B) increased ability to predict loss because a higher exposure to loss
C) increased risk of adverse selection
D) increased chance of a loss because of an insured’s dishonest tendencies
Answer: D) increased chance of a loss because of an insured’s dishonest tendencies
The above question Moral hazard is described as the, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.
