Which of the following could be written into an insurance contract in order to reduce the problem of moral hazard?

Name: Which of the following could be written into an insurance contract in order to reduce the problem of moral hazard?
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Question

Quizplus · Accepted Answer

All of the options (co-payments, deductibles, and limitations on coverage) are mechanisms used in insurance contracts to reduce moral hazard by ensuring that the insured party shares in the cost of a claim, thus discouraging reckless behavior.

Which of the Following Could Be Written into an Insurance