Legal Definition and Related Resources of Moral Hazard

In insurance law, the term denotes the risk, danger or probability that the insured will destroy the insured property for the purpose of collecting the insurance Nemojeski v Bubolz Mut. Town Fire Ins. Co., 74 N. W.2d 196, 271 Wis. 561.

The risk that the existence of a contract will change the behavior of one or both parties to the contract, e.g. an insured firm will take fewer fire precautions.

Browse or run a search for Moral Hazard in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.

Moral Hazard in Historical Law

You might be interested in the historical meaning of this term. Browse or search for Moral Hazard in Historical Law in the Encyclopedia of Law.

Search for legal acronyms and/or abbreviations containing Moral Hazard in the Legal Abbreviations and Acronyms Dictionary.

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Moral Hazard in the Economic Activity

An introductory concept of Moral Hazard may be: principle that says that those who purchase insurance have a reduced incentive to avoid what they are insured against