Some characteristics of the judicial system and regulatory environment increase the frequency and severity of loss.This hazard is called
A)moral hazard.
B)physical hazard.
C)attitudinal hazard.
D)legal hazard.

Question

Quizplus · Accepted Answer

The term "legal hazard" refers to the characteristics of the legal and regulatory environment that can increase the likelihood or severity of losses. This includes factors such as the complexity of laws, certain court rulings or regulatory requirements that can make it more difficult for businesses to comply and avoid losses.

Some Characteristics of the Judicial System and Regulatory Environment Increase