If an underwriter suspects moral hazard, the underwriter may ask an outside firm to investigate the applicant and make a detailed report to the insurer. This report is called a(n)

A) inspection report.
B) application.
C) M.I.B. report.
D) agent's report.

Answer: A

Business

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Indicate whether the statement is true or false

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A(n) ________ is a fictitious legal entity that is created according to statutory requirements

A) corporation B) cartel C) outfit D) conference

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