OH Public Adjuster Practice Questions - Ohio Public Adjuster Exam

What is 'morale hazard' and how does it differ from 'moral hazard'?

They are the same concept with different names Morale hazard is carelessness or indifference to loss because of insurance; moral hazard is intentional cause of loss Morale hazard applies only to commercial property; moral hazard applies to residential Morale hazard is a legal term; moral hazard is an ethical term

Correct Answer:

Morale hazard is carelessness or indifference to loss because of insurance; moral hazard is intentional cause of loss

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