An Insurance Management Tool to Reduce Moral Hazard Is to ________

question 6

Multiple Choice

An insurance management tool to reduce moral hazard is to ________.

• A)charge the same premium for different risks
• B)limit the amount of insurance provided
• C)reduce the deductible to zero
• D)prohibit coinsurance

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Definitions:

Folic Acid

A form of vitamin B9, essential for DNA synthesis and repair, red blood cell formation, and the development of the fetal nervous system during pregnancy.

Spina Bifida

A birth defect where there is incomplete closing of the backbone and membranes around the spinal cord.

Toxoplasmosis

A parasitic disease caused by Toxoplasma gondii, which can infect most animals and humans, often contracted from contaminated food, soil, or through contact with cat feces.

Brain Damage

Physical injury to the brain that impairs its functions, potentially resulting in long-term cognitive, physical, or emotional disabilities.