A Good Way to Deal with Moral Hazard Faced by an Insurance

question 41

Multiple Choice

A good way to deal with moral hazard faced by an insurance company would be to:

• A)fully indemnify its policy holders.
• B)require applicants to take a physical examination.
• C)require policy holders to pay a deductible.
• D)conduct detailed investigations of every accident.

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Definitions:

Corporate Responsibility

The commitment of businesses to contribute to sustainable economic development by working with employees, their families, the local community, and society at large to improve their quality of life.

Whirlpool Corporation

A multinational manufacturer and marketer of home appliances known for its wide range of products and innovation.

Pitch Letter

A letter designed to introduce a concept or product to potential clients, media outlets, or partners, aiming to garner interest or coverage.

Writing Strategy

A planned approach to writing that involves choosing the appropriate style, tone, and structure to effectively communicate with the target audience.