Multiple choice technology testing

The severity of loss increases due to dishonesty of insured is known as

  1. Physiacal Hazard

  2. Legal hazard

  3. Moral Hazard

  4. Morale Hazard
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Moral hazard refers to the increased risk of loss due to dishonesty or intentional actions by the insured. Physical hazards are tangible dangers, legal hazards relate to legal complexities, and morale hazard involves carelessness rather than intentional fraud.

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