Cisr agency operations 1 - Study guides, Class notes & Summaries

CISR Agency Operations 1 (Latest 2024) Questions With Complete Grade A+ Answers

CISR Agency Operations Lesson 1 Insurance Agency Latest Update Actual Exam 200+ Questions and 100% Verified Correct Answers Guaranteed A+

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| 265 Questions| 100% Accurate Professional - ANSWER an adjective used to describe appearance, attitude, or actions Acting Ethically and Professionally - ANSWER you put the needs of your clients above your own Ethics - ANSWER a system or set of moral principles or practice a set of rules or standards based on a set of principles or values we accept as truths and that govern our behavior Factors that influence ethics - ANSWER Friends, Society, Media, Belief Syst...

CISR - Agency Operations - Section 1 2024 Latest Update!! benefits of ethical behavior - ANSWER 1. public trust & confidence gained. 2. government regulation avoided 3. enhanced credibility 6 steps in ethical decision making - ANSWER 1. define problem 2. seek resources 3. brainstorm solutions 4. evaluate the alternatives 5. make decision 6. elvaluate decision estoppel - ANSWER prevents someone from arguing something that contradicts what was said previously examples of being unethi...

Can be defined as a system or set of moral principles or practice - Ethics 7 Factors that can influence an individual's ethics are: - - Friends - Family - Society - Media - Belief Systems - Educational Institution - Legal Restraints 3 Benefits of being ethical – 1. Public Trust / Confidence Gained 2. Government Regulation Avoided 3. Enhanced Credibility Earned Examples of Government Regulation – - Limitations on how credit scoring is used in UW - Trust account fiduciary rules...

CISR Insuring Commercial Property Exam 146 Questions with Answers Select the answer that most closely describes Actual Cash Value (ACV). - CORRECT ANSWER A method of establishing the value of property wherein depreciation and obsolescence are deducted from the value of the property. Select the answer that most closely describes Functional Replacement Cost. - CORRECT ANSWER A provision which changes the policy valuation so as to provide for replacement with a different structure which per...

benefits of ethical behavior - ANSWER 1. public trust & confidence gained. 2. government regulation avoided 3. enhanced credibility 6 steps in ethical decision making - ANSWER 1. define problem 2. seek resources 3. brainstorm solutions 4. evaluate the alternatives 5. make decision 6. elvaluate decision estoppel - ANSWER prevents someone from arguing something that contradicts what was said previously examples of being unethical - ANSW

CISR Agency Operations Exam 265 Questions with Answers Professional - CORRECT ANSWER an adjective used to describe appearance, attitude, or actions Acting Ethically and Professionally - CORRECT ANSWER you put the needs of your clients above your own Ethics - CORRECT ANSWER a system or set of moral principles or practice a set of rules or standards based on a set of principles or values we accept as truths and that govern our behavior Factors that influence ethics - CORRECT ANSWER Fr...