Ethics 311: Ethical Decision Making in
Risk and Insurance Exam Questions
and Answers Latest Update
Morals
Making distinction between right and wrong
Laws
Legal tenants
Ethics
Knowing what to do when a situation presents more than one "right" answer
Supporting Professionalism
1. High Ethical Standards
2. Professional Competence
3. Sense of Altruism
4. Commitment to Continuing Education
5. Participation in an Association or a Society
, 6. Ability to Think and Act Independently
7. Public recognition as a Professional
High Ethical Standards
Standard of "utmost good faith" to ensure ethical nature of relationship between
insureds and insurers
Professional Competence
Ability to apply knowledge to risk and insurance circumstances is acquired
through professional training and job experience
Altruism
Unselfish concern for the welfare of others
Maintaining High Ethical Standards
1. Regulatory Requirements
2. Social Responsibility
3. Economic Outcomes
Risk and Insurance Exam Questions
and Answers Latest Update
Morals
Making distinction between right and wrong
Laws
Legal tenants
Ethics
Knowing what to do when a situation presents more than one "right" answer
Supporting Professionalism
1. High Ethical Standards
2. Professional Competence
3. Sense of Altruism
4. Commitment to Continuing Education
5. Participation in an Association or a Society
, 6. Ability to Think and Act Independently
7. Public recognition as a Professional
High Ethical Standards
Standard of "utmost good faith" to ensure ethical nature of relationship between
insureds and insurers
Professional Competence
Ability to apply knowledge to risk and insurance circumstances is acquired
through professional training and job experience
Altruism
Unselfish concern for the welfare of others
Maintaining High Ethical Standards
1. Regulatory Requirements
2. Social Responsibility
3. Economic Outcomes
