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ARM questions and answers already solved 2024
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ARM questions and answers already solved 2024
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ARM : EthicsWhich one of the following could create an ethical issue?
A. Lying about educational background
B. Exaggerating a proof of loss
C. Not paying premiums when due
D. Placing insurance with the insurer paying the highest commission - correct
answer ✔D. Placing insurance with the insurer paying the highest
commission
Ethical behavior is based on moral conduct, which implies
A.One knows what is right and what is wrong.
B. One knows and understands laws and regulations.
C. One knows what to do when faced with more than one right answer.
D. One can identify when a conflict exists. - correct answer ✔A.One knows
what is right and what is wrong.
The ability to apply knowledge to risk and insurance circumstances is
acquired through
A. Professional training and job experience.
B. A sense of altruism.
C. Participation in a society.
D. Ethics. - correct answer ✔A. Professional 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
A. Full authority
B. Professional conduct
C. Professional judgment - correct answer ✔C. Professional judgment
Unselfish concern for the welfare of others is referred to as
A. Empathy.
B. Altruism
C. Politeness.
D. Consideration. - correct answer ✔B. Altruism
Insurance rating systems discourage social responsibility.
True or False - correct answer ✔False
In general, organizations and individuals who demonstrate high ethical values
are more successful over the long term.
True or False - correct answer ✔True
Penny is in the marketing department at Insurance Company. Which one of
the following is an important truth for her to know?
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