ETHICS 311 EXAM WITH CORRECT
ACTUAL QUESTIONS AND CORRECTLY
WELL DEFINED ANSWERS LATEST
ALREADY GRADED A+
Penny is in the marketing department at Insurance
Company. Which one of the following is an important truth
for her to know?
Organizations that focus on short-term profits and fail to
adhere to high ethical standards often do so at the expense
of their long-term success.
All of the following are factors insurance professionals must
balance with their responsibility to insurers, EXCEPT:
Customers' needs for a fair price
Insurance professionals' need to maximize personal income
Insurance professionals' duty to market adequate coverage at
a fair profit
Customers’ needs for comprehensive coverage
As a broker, Josh has a responsibility only to his clients, the
policyholders. True or False?
, False
While it is correct that Josh has a responsibility to his clients,
he also has responsibilities to insurers and the public as a
whole.
Oliver is a reinsurance intermediary placing reinsurance for
a variety of insurers with a variety of reinsurers. He has no
contact with the public or policyholders of the insurers for
which he places reinsurance. In this position, Oliver's duties
are best characterized by which one of the following?
Oliver still has significant duties to the public and primary
insurer policyholders.
The first step in resolving an ethical dilemma involves
gathering information, starting with
identifying stakeholders
Elmer is a commercial underwriter at ABC Insurance
Company. Elmer and one of his co-workers, Jeff, play golf
together regularly at the local public course. One weekend,
Jeff suggests that instead they play at an expensive private
club. He explains to Elmer that the owner of a new
commercial account Jeff recently wrote gave Jeff a
membership to the club. The situation makes Elmer
uncomfortable because he knows that ABC has a strict
policy about not accepting gifts from policyholders. Elmer
has an ethical dilemma and is torn about whether to inform
his employer about the gift or not. Which one of the
ACTUAL QUESTIONS AND CORRECTLY
WELL DEFINED ANSWERS LATEST
ALREADY GRADED A+
Penny is in the marketing department at Insurance
Company. Which one of the following is an important truth
for her to know?
Organizations that focus on short-term profits and fail to
adhere to high ethical standards often do so at the expense
of their long-term success.
All of the following are factors insurance professionals must
balance with their responsibility to insurers, EXCEPT:
Customers' needs for a fair price
Insurance professionals' need to maximize personal income
Insurance professionals' duty to market adequate coverage at
a fair profit
Customers’ needs for comprehensive coverage
As a broker, Josh has a responsibility only to his clients, the
policyholders. True or False?
, False
While it is correct that Josh has a responsibility to his clients,
he also has responsibilities to insurers and the public as a
whole.
Oliver is a reinsurance intermediary placing reinsurance for
a variety of insurers with a variety of reinsurers. He has no
contact with the public or policyholders of the insurers for
which he places reinsurance. In this position, Oliver's duties
are best characterized by which one of the following?
Oliver still has significant duties to the public and primary
insurer policyholders.
The first step in resolving an ethical dilemma involves
gathering information, starting with
identifying stakeholders
Elmer is a commercial underwriter at ABC Insurance
Company. Elmer and one of his co-workers, Jeff, play golf
together regularly at the local public course. One weekend,
Jeff suggests that instead they play at an expensive private
club. He explains to Elmer that the owner of a new
commercial account Jeff recently wrote gave Jeff a
membership to the club. The situation makes Elmer
uncomfortable because he knows that ABC has a strict
policy about not accepting gifts from policyholders. Elmer
has an ethical dilemma and is torn about whether to inform
his employer about the gift or not. Which one of the
