An example of a moral hazard in relation to a life insurance application would be:
An example of a moral hazard in relation to a life insurance application would be:
A) An individual has an indifferent attitude about participating in activities that may be damaging to his health.
B) misstating your health history to an insurance company
C) A person suffering bouts of sever depression.
D) Someone who often drives at excessively high rates of speed.
Answer: B) misstating your health history to an insurance company
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