Webce Life and Health | Updated 2024 bundle

Ethics Final Exam Professional Ethics - answer-Acting in accord with standards of professional practice. Code live/work by, set up by professional standards. Morals - answer-Related to a professional's deeply held belief structure. "Big picture" principles that guide behavior. Values - answe...

Ethics For Insurance Professionals The practice of ethical decision-making is based on a person's assumptions about fair play and moral decency in all decisions-making situations. the treatment and rights of people and the treatment of property. the way an ideal, moral world might work if all ...

Risk - answer-chance of loss Loss - answer-an unplanned reduction in economic value What risk is insurable? - answer-pure risk What are the two types of risk? - answer-pure risk and speculative risk Involves the possibility of a loss? - answer-pure risk Can result in either loss or gain? - answ...

The CA Insurance Code: - answer-Law that is passed by the state legislature The Insurance Commissioner - answer-Is elected by the public According to prop 103, the commissioner of insurance became an elected official. The commissioner may serve - answer-2 consecutive 4 year terms. If a vacancy s...

C - answer-A code of ethics: A) is a personal view of acceptable behavior. B) encompasses current "best practices." C) specifies a minimum level of acceptable conduct. A - answer-A professional code of conduct: A) can increase public trust in the profession. B) guarantees that members will a...

Risk - answer-Chance of loss 5 Risk or Loss Factors - answer-1. Risk 2. Loss 3. Exposure 4. Peril 5. Hazard Insurance allows: - answer-Individual or group to transfer over to insurance company the risk of financial loss from a destructive event Fundamental purpose of insurance is: - answer-To in...

ethics - answer-a code of behavior that is defined by the group to which an individual belongs. morals - answer-the personal principles upon which an individual bases his or her decisions about what is right and what is wrong virtue - answer-habit that inclines people to do what is acceptable v...

Risk - answer-Chance of loss Loss - answer-Unplanned reduction of economic value Peril - answer-cause of loss Hazard - answer-a condition that increases the chance of peril Risk Transfer - answer-buying insurance to shift the risk to insurance company Underwriting - answer-assessing applicant t...

Which one of the following statements is correct? Select one: - answer-A. Business ethics are critical when an organization is threatened or faces fundamental change. Which one of the following best distinguishes between morals and ethics? - answer-C. Morals provide a codified set of acceptable ...

220 - Florida Statutes & Rules, Unauthorized Entities & Ethics Test Questions - Unit 17 What are the limits on lines and products the Customer Representative may handle? - answer-A customer representative may handle insurance business the specific supervising insurance agent is appointed to han...

Representations and Warranties - answer-Representations are statements the applicant makes on an application that are deemed to be true to the applicant's best knowledge. Warranties are statements the insurer makes in the contract. Underwriting vs. Actuarial Departments - answer-Two related insu...

When did web ethics and Internet ethics become an important topic for businesses? - answer-When organizations began marketing, advertising and conducting business online Because our actions affect society, the government is involved in E issues through which of the following - answer-Legislation...