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:

Social Change

The alteration over time in the structures, cultural patterns, and norms of a society.

Total Institutions

Places where people are separated from the rest of society and controlled by the institution in all aspects of their lives, as defined by Erving Goffman.

Coercive Organizations

Organizations where membership is not voluntary and is often maintained through force or other forms of coercion, such as prisons or the military.

Social Media

Platforms and websites that enable users to create and share content or participate in social networking.