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.