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

---

Definitions:

Top Executives

Senior-level managers or leaders in an organization responsible for making overarching decisions and setting strategic directions.

Threats

External or internal factors that pose a potential danger or negative impact on an individual or organization.

Utilitarianism

A teleological theory (also called consequentialism) that emphasizes consequences of actions, weighing the greatest good for the greatest number of people.

PR Practitioner

An alternative term for a professional engaged in managing and influencing public opinion and the relationship between an organization and its audience.