Nguyên tắc bảo hiểm chungCâu 346 / 716
In insurance, a 'moral hazard' refers to:
a.The pure chance of a loss occurring with no possibility of gain
b.A tendency toward dishonesty, such as exaggerating or faking a claim to collect money
c.A physical condition, such as a pre-existing illness, that increases the chance of loss
d.Indifference or carelessness toward a loss simply because insurance exists
Giải thích
A moral hazard arises from a person's dishonesty or character, such as intentionally causing or padding a loss to collect insurance money. A tangible condition that increases risk (like a heart condition) is a physical hazard. Carelessness because coverage exists is a morale hazard (spelled with an 'e'). The pure chance of loss with no gain describes pure risk, not a hazard. Distinguishing these terms matters because insurers screen for moral hazard during underwriting to protect the pool.
Luyện miễn phí toàn bộ 716 câu hỏi — không cần đăng ký.
Own the complete California Life & Health Insurance Producer Exam guide — PDF + EPUB, $19.99 →
Câu hỏi liên quan cùng chủ đề
- For a life insurance policy to be valid, when must the policyowner have an insurable interest in the insured?
- The principle that allows insurers to predict losses more accurately as the number of similar exposure units increases is known as:
- An insurance policy is considered a 'contract of adhesion.' What does this mean?
- Buying an insurance policy is an example of which method of handling risk?
- Which of the following is a pure risk that an insurer would generally be willing to cover?
- In insurance terminology, the actual cause of a loss, such as fire, illness, or death, is called a:
Cập nhật gần nhất: · quy trình kiểm tra
Đội ngũ PrepPass · Đối chiếu với California Life & Health Insurance License Exam · Quy trình kiểm tra
Người kiểm duyệt John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — kiểm tra)