CPCU ETHICS SUCCESS GUARANTEED STUDY
GUIDE AND PRACTICE EXAMINATION 2026.
⫸ Matriculation. Ans: process of registering as a CPCU candidate
⫸ Candidates. Ans: CPCU student whose matriculation application
has been approved
⫸ Designees. Ans: person who's earned CPCU designation,
regardless of whether he/she has officially become a CPCU (waiting
for conferment may also be referred to as CPCUs)
⫸ CPCUs. Ans: person who currently holds the CPCU designation
⫸ Canons. Ans: broad aspirational goals of CPCU conduct, establish
standards of professional conduct. They also express the general
concepts and principles from which the more specific Rules are
derived.
⫸ Rules. Ans: specific, enforceable standards that prescribe
minimum levels of required professional CPCU conduct, mandatory
and enforceable because sanctions may be imposed on any CPCU or
candidate found guilty of a Rule violation.
, ⫸ Advisory Opinions. Ans: written interpretation of CPCU code of
professional conduct provided by board of ethical inquiry
⫸ Board of Ethical Inquiry (BEI). Ans: eight-member board, chaired
by the Ethics Counsel, responsible for implementing, establishing &
approving CPCU ethics policy.
⫸ Ethics Counsel. Ans: chair of board BEI who receives written
complaints of ethical violations, investigates complaints & presents
facts to BEI for consideration & communicates BEI recommendations
to Ethics Policy committee of board of trustees of american institute
for CPCU & delivers verdicts
⫸ Ethics Policy Committee. Ans: committee of the board of trustees
of the american institute that reviews matters of policy relating to
american institute ethics activities & promulgates specific disciplinary
procedures & penalties to be used in enforcing code.
⫸ 5 Sanctions imposed on CPCU. Ans: Private admonition
Reprimand
Censure
Suspension
Revocation
⫸ Canon 1. Ans: Insurance professionals should endeavor to place
the public interest above their own.
GUIDE AND PRACTICE EXAMINATION 2026.
⫸ Matriculation. Ans: process of registering as a CPCU candidate
⫸ Candidates. Ans: CPCU student whose matriculation application
has been approved
⫸ Designees. Ans: person who's earned CPCU designation,
regardless of whether he/she has officially become a CPCU (waiting
for conferment may also be referred to as CPCUs)
⫸ CPCUs. Ans: person who currently holds the CPCU designation
⫸ Canons. Ans: broad aspirational goals of CPCU conduct, establish
standards of professional conduct. They also express the general
concepts and principles from which the more specific Rules are
derived.
⫸ Rules. Ans: specific, enforceable standards that prescribe
minimum levels of required professional CPCU conduct, mandatory
and enforceable because sanctions may be imposed on any CPCU or
candidate found guilty of a Rule violation.
, ⫸ Advisory Opinions. Ans: written interpretation of CPCU code of
professional conduct provided by board of ethical inquiry
⫸ Board of Ethical Inquiry (BEI). Ans: eight-member board, chaired
by the Ethics Counsel, responsible for implementing, establishing &
approving CPCU ethics policy.
⫸ Ethics Counsel. Ans: chair of board BEI who receives written
complaints of ethical violations, investigates complaints & presents
facts to BEI for consideration & communicates BEI recommendations
to Ethics Policy committee of board of trustees of american institute
for CPCU & delivers verdicts
⫸ Ethics Policy Committee. Ans: committee of the board of trustees
of the american institute that reviews matters of policy relating to
american institute ethics activities & promulgates specific disciplinary
procedures & penalties to be used in enforcing code.
⫸ 5 Sanctions imposed on CPCU. Ans: Private admonition
Reprimand
Censure
Suspension
Revocation
⫸ Canon 1. Ans: Insurance professionals should endeavor to place
the public interest above their own.
