Q575
What is correct
A.
Moral Hazard is about the intention and post purchase behaviour of an assured in most cases
B.
Proposal is the basis of contract between a person seeking insurance cover and the insurer
C.
Insurers should view very seriously the conduct of the persons for life insurance cover whenever they seek profit by purchase of insurance
D.
All of the above
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
All the above statements are correct. Moral Hazard is about the intention and post purchase behaviour of an assured in most cases, Proposal is the basis of contract between a person seeking insurance cover and the insurer and Insurers should view very seriously the conduct of the persons for life insurance cover whenever they seek profit by purchase of insurance.