in insurance Dishonest tendencies that increase the probability of loss are what types of hazard?

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03-07-2022
Business

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in insurance Dishonest tendencies that increase the probability of loss are what types of hazard?

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ogorwyne ogorwyne · Answer 1 · 2022-07-04T18:27:05+02:00

Moral hazards are the insurance Dishonest tendencies that increase the probability of loss.

What is a moral hazard?

This is a term that is used to refer to a type of hazard that happens based on the fact that person has risks that could have a negative effect on another.

When the person does not ,make decisions based on what is right but rather on what they hope to give them the greatest benefit.