Which factor is NOT typically considered a moral hazard in insurance?

In the context of insurance, a moral hazard refers to the increased likelihood of a loss occurring when an individual doesn't bear the full consequences of their actions or when they act differently because they are insured. Factors such as indifference to loss, a person's living environment, and financial responsibility all play a role in determining the potential for moral hazard.

Indifference to loss speaks to a person's attitude toward risk, where someone may take greater chances when they know they are covered by insurance. A person's living environment could influence this by exposing them to higher risks, thus making them more indifferent to loss. Financial responsibility factors into this as well; if an individual does not have a personal stake in the outcome, they may engage in riskier behavior.

On the other hand, the age of the insured does not directly reflect a moral hazard. Age is generally a characteristic that affects risk assessment from underwriting, but it doesn't indicate how an individual might behave once insured. Therefore, the age of the insured is not typically considered a moral hazard since it doesn’t relate to changes in behavior due to insurance coverage.