3/10/26, 12:29
PM
ETHICS 311 EXAM: ETHICAL DECISION MAKING IN RISK & INSURANCE WITH COMPLETE
QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)/GRADE A+ ASSURED.
Greater North American Insurance Company operates A. Laws cannot describe
the ethical response to every conflict. according to the laws and regulations of the
various
states in which it conducts business.
Which one of the following statements
regarding laws is most accurate? Select
one:
A. Laws cannot describe the ethical
response to every conflict.
B. Laws do not factor into ethical decision making.
C. Laws are not concerned with insurer solvency.
D. Laws will clearly define the ethical
response to any conflict.
Underwriter Jessica is confronted with an ethical issue D. Reasoned
consideration of all issues surrounding a conflict. involving an applicant. She wants to
handle it ethically.
She should remember that ethical
behavior is primarily based on
Select one:
A. What feels like the right thing to do.
B. Consideration of applicable laws and morals.
C. Application of laws to personal values.
D. Reasoned consideration of all issues
surrounding a conflict.
Greater North America Insurance Company appoints a A. Ethics
apply when a law is not applicable. panel of managers from a variety of
departments to
review and assess the company's
ethics. Which one of the following
statements regarding business ethics is
correct?
Select one:
A. Ethics apply when a law is not applicable.
B. Proper ethics can be
observed by following
https://quizlet.com/1005703795/ethics-311-ethical-decision-making-in-risk-insurance- 1/
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, 3/10/26, 12:29
PM
applicable laws.
C. Ethical decisions involve clear
"right" and "wrong" choices
D. Ethics and morals are interchangeable.
Altruism serves the needs of the individual as well as of C. An altruistic manner does not
preclude the opportunity to find personal society. Which one of the following statements is
most rewards for the actions taken.
true of
altruism?
Select one:
A. Altruism requires that insurance practitioners
consider neither their own nor their employer's needs.
B. An altruistic manner is the basis
of the trust placed in the insurer to
keep its promises.
C. An altruistic manner does not
preclude the opportunity to find
personal rewards for the actions
taken.
D.Altruism requires professionals to
develop a sense of equity and
fairness.
Which one of the following situations represents a A. A claims rep is compensated in part
based on the number of claims he potential obstacle to thinking and acting independently
processes weekly.
for an insurance professional?
Select one: A. A claims rep is compensated in part
based on the number of claims he
processes weekly. B. A claims rep
refuses to join industry associations,
citing a lack of time. C. A producer
receives a referral and
proposes the exact same
coverage for the new customer as
the one who referred her. D. A
producer
pursues continuing education provided
https://quizlet.com/1005703795/ethics-311-ethical-decision-making-in-risk-insurance- 2/
flash-cards/ 12
PM
ETHICS 311 EXAM: ETHICAL DECISION MAKING IN RISK & INSURANCE WITH COMPLETE
QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)/GRADE A+ ASSURED.
Greater North American Insurance Company operates A. Laws cannot describe
the ethical response to every conflict. according to the laws and regulations of the
various
states in which it conducts business.
Which one of the following statements
regarding laws is most accurate? Select
one:
A. Laws cannot describe the ethical
response to every conflict.
B. Laws do not factor into ethical decision making.
C. Laws are not concerned with insurer solvency.
D. Laws will clearly define the ethical
response to any conflict.
Underwriter Jessica is confronted with an ethical issue D. Reasoned
consideration of all issues surrounding a conflict. involving an applicant. She wants to
handle it ethically.
She should remember that ethical
behavior is primarily based on
Select one:
A. What feels like the right thing to do.
B. Consideration of applicable laws and morals.
C. Application of laws to personal values.
D. Reasoned consideration of all issues
surrounding a conflict.
Greater North America Insurance Company appoints a A. Ethics
apply when a law is not applicable. panel of managers from a variety of
departments to
review and assess the company's
ethics. Which one of the following
statements regarding business ethics is
correct?
Select one:
A. Ethics apply when a law is not applicable.
B. Proper ethics can be
observed by following
https://quizlet.com/1005703795/ethics-311-ethical-decision-making-in-risk-insurance- 1/
flash-cards/ 12
, 3/10/26, 12:29
PM
applicable laws.
C. Ethical decisions involve clear
"right" and "wrong" choices
D. Ethics and morals are interchangeable.
Altruism serves the needs of the individual as well as of C. An altruistic manner does not
preclude the opportunity to find personal society. Which one of the following statements is
most rewards for the actions taken.
true of
altruism?
Select one:
A. Altruism requires that insurance practitioners
consider neither their own nor their employer's needs.
B. An altruistic manner is the basis
of the trust placed in the insurer to
keep its promises.
C. An altruistic manner does not
preclude the opportunity to find
personal rewards for the actions
taken.
D.Altruism requires professionals to
develop a sense of equity and
fairness.
Which one of the following situations represents a A. A claims rep is compensated in part
based on the number of claims he potential obstacle to thinking and acting independently
processes weekly.
for an insurance professional?
Select one: A. A claims rep is compensated in part
based on the number of claims he
processes weekly. B. A claims rep
refuses to join industry associations,
citing a lack of time. C. A producer
receives a referral and
proposes the exact same
coverage for the new customer as
the one who referred her. D. A
producer
pursues continuing education provided
https://quizlet.com/1005703795/ethics-311-ethical-decision-making-in-risk-insurance- 2/
flash-cards/ 12
