Which of the following could create an ethical issue?
A.) not paying premiums when due
B.) Placing insurance with the insurer paying the highest commission
C.) exaggerating a proof of loss
D.) lying about educational background correct answersB.) Placing insurance with the insurer paying the h...
Ethics 311
Which of the following could create an ethical issue?
A.) not paying premiums when due
B.) Placing insurance with the insurer paying the highest commission C.) exaggerating a proof of loss
D.) lying about educational background correct answersB.) Placing insurance with the insurer paying the highest commission
The ability to apply knowledge to risk and insurance circumstances is acquired through correct answersProfessional training and job experience
An insurance professional is responsible for his or her thoughts, decisions, and actions. Knowledge, skill, and expertise guide decisions and ensure that the insurance professional uses his or her correct answersProfessional judgement
Unselfish concern for the welfare of others is referred to as correct answersAltruism
Penny is in the marketing department at insurance company. Which one of the following is an important truth for her to know?
A.) maintaining high ethical standards cannot directly result in an increase in an organization's overall profitability.
B.) organizations with high ethical standards and those without such high ethical standards are equally susceptible to allegations of negligence that could lead to tort actions.
C.) organizations that focus on short term profits and fail to adhere to high ethical standards often do so at the expense of their long term success.
D.) consumers are more concerned with short term relationships than about authentic relationships with
companies with high ethical standards correct answersC.) organizations that focus on short term profits and fail to adhere to high ethical standards often do so at the expense of their long term success.
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