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ETHICS 311: ETHICAL DECISION MAKING
IN RISK AND INSURANCE EXAM 2025
BRAND NEW ACTUAL EXAM WITH
ANSWERS.
Code of Ethics - correct answer -Includes statement of
organization's values creating basis for culture
Physical Barriers - correct answer -Prevents a professional from
developing factual information about the ethical dilemma through
restraints/restriction to access, or stumbling blocks to uncovering
truth about the situation or people associated
Procedural Barriers - correct answer -Arise when processes for
resolving conflicts hinder the identification, careful consideration,
or resolution of ethical dilemmas or when no systematic
approaches apply to resolving these dilemmas
Administrative Barriers - correct answer -Creates hurdles when
individuals are unable or unwilling to follow good decision making
processes
(lack of authority, fear of repercussions, and cultural disparity)
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Ethical Guidelines for Insurance Professionals - correct answer -
1. Altruism
2. Continuing Professional Development
3. Legal Conduct
4. Diligent Performance
5. Maintaining and Raising Professional Standards
6. Professional Relationships
7. Public Education
Canon 1 - Altruism - correct answer -"Insurance professionals
should endeavor to place the public interest above their own"
Canon 2 - Continuing Professional Development - correct answer
-"Insurance professionals should seek continually to maintain and
improve their professional knowledge, skills, and competence"
Canon 3 - Legal Conduct - correct answer -"Insurance
professionals should obey all laws and regulations, and should
avoid any contact or activity that would cause unjust harm to
others"
ETHICS 311: ETHICAL DECISION MAKING
IN RISK AND INSURANCE EXAM 2025
BRAND NEW ACTUAL EXAM WITH
ANSWERS.
Code of Ethics - correct answer -Includes statement of
organization's values creating basis for culture
Physical Barriers - correct answer -Prevents a professional from
developing factual information about the ethical dilemma through
restraints/restriction to access, or stumbling blocks to uncovering
truth about the situation or people associated
Procedural Barriers - correct answer -Arise when processes for
resolving conflicts hinder the identification, careful consideration,
or resolution of ethical dilemmas or when no systematic
approaches apply to resolving these dilemmas
Administrative Barriers - correct answer -Creates hurdles when
individuals are unable or unwilling to follow good decision making
processes
(lack of authority, fear of repercussions, and cultural disparity)
, Page | 2
Ethical Guidelines for Insurance Professionals - correct answer -
1. Altruism
2. Continuing Professional Development
3. Legal Conduct
4. Diligent Performance
5. Maintaining and Raising Professional Standards
6. Professional Relationships
7. Public Education
Canon 1 - Altruism - correct answer -"Insurance professionals
should endeavor to place the public interest above their own"
Canon 2 - Continuing Professional Development - correct answer
-"Insurance professionals should seek continually to maintain and
improve their professional knowledge, skills, and competence"
Canon 3 - Legal Conduct - correct answer -"Insurance
professionals should obey all laws and regulations, and should
avoid any contact or activity that would cause unjust harm to
others"
