What does moral hazard indicate

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What does moral hazard indicate?

A. The possibility that client would undertake dangerous expeditions after taking a policy

B. The possibility of ending own life or the life of another

C. Both the above instances

D. None of the three

Answer: Option C

Solution (By Examveda Team)

Moral hazard indicates that the possibility that client would undertake dangerous expeditions after taking a policy and the possibility of ending own life or the life of another.

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What does moral hazard indicate?

Solution (By Examveda Team)

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