Examlex

Solved

Which of the Following Is NOT a Method Banks Use

question 68

Multiple Choice

Which of the following is NOT a method banks use to deal with moral hazard?


Definitions:

Underwriter

In insurance law, the insurer, or the one assuming a risk in return for the payment of a premium.

Premium

The amount paid for an insurance policy, reflecting the cost of coverage.

Insurable Interest

An interest either in a person’s life or well-being or in property that is sufficiently substantial to justify insuring against injury to or death of the person or damage to the property.

Enforceable

Describing a legal agreement or obligation that can be upheld and compelled by law through legal action.

Related Questions