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AIC 30 Ethics Exam Questions & Answers 2024/2025
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AIC 30 Ethics Exam Questions & Answers 2024/2025
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AIC 30 Ethics Exam Questions &Answers 2024/2025
CANON 1--Altruism - ANSWERSEvery insurance professional should always try to place the public interest
above his personal interest and financial gain.
Application: An insurance professional should avoid any appearance of impropriety or conflict of interest
and act in a manner that best promotes professional interests rather than personal interests.
CANON 2--Continuing Professional Development: - ANSWERSEvery insurance professional should always
try to maintain and improve his professional knowledge, skills, and competence.
Application: At an absolute minimum, insurance professionals must attain and maintain competence in
their areas of responsibility.
CANON 3--Legal Conduct: - ANSWERSEvery insurance professional should always obey all government
laws and regulations and avoid any unjust harm to others.
Application: At a minimum, everybody (not just insurance professionals) should obey laws. Even if the
professional's actions are not illegal per se, the second part of this canon is violated by 1. dishonesty, 2.
fraud, 3. misrepresentation, 4. concealment of a material fact, 5. unfair competition, or 6. inappropriate
compensation.
CANON 4--Diligent Performance: - ANSWERSEvery insurance professional should always perform
occupational duties diligently and always try to improve the insurance mechanism.
Application: Insurance professionals should work to improve insurance operations to both benefit the
public and increase insurance efficiencies
CANON 5--Maintaining and Raising Professional Standards: - ANSWERSEvery insurance professional
should try to improve the professional and ethical standards of the insurance and risk management
profession.
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