Cisr agency operations - Study guides, Revision notes & Summaries

CISR Agency Operations Complete Questions and Answers!!! CISR Agency Operations What does an agency gain by requiring their employees to behave ethically? - ANSWER The agency can gain public trust and confidence, the ability to avoid government regulation, and increased credibility with all stakeholders. Identify two examples of actions that represent ethical breaches. - ANSWER 1. AM signed for Insured. 2. AM misrepresented a client's garaging address to obtain a better premium. Six Ste...

CISR Agency Operations

What does an agency gain by requiring their employees to behave ethically? CORRECT ANSWER-The agency can gain public trust and confidence, the ability to avoid government regulation, and increased credibility with all stakeholders. Identify two examples of actions that represent ethical breaches. CORRECT ANSWER-1. AM signed for Insured. 2. AM misrepresented a client's garaging address to obtain a better premium. Six Steps to Ethical Decision Making CORRECT ANSWER-1. Define the problem 2...

CISR Agency Operations Self Quiz

Professional - One engaged in an occupation requiring a high level of training and proficiency To be recognized as knowledgeable, gain public trust, avoid government regulation, enhance credibility - What are the benefits of being ethical? True - Is this example an ethical issue? Rating a vehicle using the wrong classification No - Are you allowed to sign for the insured even if the insured gave permission? peer standards, Contracts (oral & written agreements), statutes - Legal duties are b...

CISR Agency Operations 2 (Latest 2024) Questions With Complete Grade A+ Answers

Four benefits of ethical behavior CORRECT ANSWER-a. To be recognized as knowledgeable insurance professionals within the community b. To gain public trust and confidence c. To avoid government regulation d. To enhance credibility with customers and companies Misrating & Misclassification CORRECT ANSWER-Risk misrated to write coverage - Insurer doesn't receive enough premium; Insurer not able to pay losses Common ethical issues CORRECT ANSWER-Rating a vehicle using wrong class; incor...

Which one of the following best describes actual authority? - When the agency is expressly given authority in the agency contract Which one of the following statements best describes the standard of care an insurance agency owes an insurance company? - Loyalty, good faith, reasonable care and contractual duties Which one of the following is not one of the four benefits of ethical behavior? - thical behavior encourages governmental regulation Which one of the following best describes a con...

CISR Agency Operations Self Quiz with 100% Correct Solutions Which one of the following best describes actual authority? - Correct Answer ️️ -When the agency is expressly given authority in the agency contract Which one of the following statements best describes the standard of care an insurance agency owes an insurance company? - Correct Answer ️️ -Loyalty, good faith, reasonable care and contractual duties Which one of the following is not one of the four benefits of ethical beh...

CISR Agency Operations and Answers(RATED A) Four benefits of ethical behavior - ANSWER a. To be recognized as knowledgeable insurance professionals within the community b. To gain public trust and confidence c. To avoid government regulation d. To enhance credibility with customers and companies Misrating & Misclassification - ANSWER Risk misrated to write coverage - Insurer doesn't receive enough premium; Insurer not able to pay losses Common ethical issues - ANSWER Rating a veh...