Question

which of the following would be considered a physical hazard in life insurance?
options: gambling behavior, high blood pressure, filing fraudulent claims, careless driving habits
insurance is based on which of the following principles?
options: certainty, chance, indemnification, profit sharing
which hazard involves dishonesty or intentional wrongdoing?
options: physical, moral, morale

Explanation:

1. For the first question: A physical hazard in insurance is a physical condition that increases risk of loss. High blood pressure is a physical health condition, while gambling, fraud, and careless driving are moral/behavioral hazards.
2. For the second question: Insurance core principle is indemnification, which ensures the insured is restored to their pre-loss financial position without profit. Certainty contradicts insurance's purpose of managing uncertain risk; chance is a factor but not a foundational principle; profit sharing is not an insurance principle.
3. For the third question: Moral hazard specifically refers to dishonesty or intentional actions that increase risk, distinct from physical hazards (physical conditions) and morale hazards (unintentional carelessness).

Answer:

1. high blood pressure
2. indemnification
3. moral