How will the following reduce the moral hazard problem?\n(a) A no-claims bonus in an insurance policy.\n(b) You having to pay the first so many pounds
How will the following reduce the moral hazard problem?
\r\n(a) A no-claims bonus in an insurance policy.
\r\n(b) You having to pay the first so many pounds of any insurance claim (an ‘excess’).
\r\n(c) The use of performance-related pay.