The Fact That Insured Have Reasonable Expectations Has Typically Resulted

question 77

Multiple Choice

The fact that insured have reasonable expectations has typically resulted in:

• A) a reduction in the scope of insurance coverage
• B) an increase in morale hazard
• C) difficulties preventing adverse selection
• D) insurers having to cover things they never anticipated covering

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Definitions:

Ethical Standards

The principles of right conduct guiding what people consider to be morally good or bad in their behavior and decision-making.

National Boundaries

Geographical borders that define the territorial limits of a country, affecting its governance, economy, and international relations.

Ethical Behaviour

Ethical behaviour refers to actions guided by principles that consider the wellbeing of society and are morally right and good.

Cultural Context

refers to the patterns of behaviors, beliefs, and values that characterize a group of individuals or a society.