Insurance 101 – Chapter 3 – Volume 6 – Other Indicators of a Moral Hazard

Other Indicators of a Moral Hazard

Bankruptcy, tax evasion complaints, fraud, or a record of paying debts late should all be taken into account when the underwriter is weighing the risks of insuring an applicant. If the adjuster learns that an insured was involved in any of these questionable activities, the adjuster must, as part of the investigation, establish whether the underwriter was made aware of the facts before the insurance contract was agreed to.

The following video was adapted from my book, “Insurance Claims A Comprehensive Guide” Published by the National Underwriter Company and is available at the Zalma Insurance Claims Library

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The author and publisher disclaim any liability, loss, or risk incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this blog. The information provided is not a substitute for the advice of a competent insurance, legal, or other professional. The Information provided at this site should not be relied on as legal advice. Legal advice cannot be given without full consideration of all relevant information relating to an individual situation.

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