2. The conditions necessary for moral hazard to arise in insurance contracts are: The expected...
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Accounting
2. The conditions necessary for moral hazard to arise in insurance contracts are:
The expected losses must depend on the insureds behavior BEFORE the policy is signed
The expected losses must depend on the insureds behavior AFTER the policy is signed
It must be costly for the insurer to observe policyholder type
Group of answer choices
2 and 3
1, 2, and 3
1 and 3
1 and 2
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