1|Page
Ethics 311: Ethical Decision Making in Risk and
Insurance Exam ||Verified Exam!!!|| Most Recent Exam
Actual Complete Real Exam Questions and Correct
Answers (Verified Answers) | Already Graded A+ |
Guaranteed Success!! Newest Exam!!!
Suzie is a trainer at an insurer who is conducting a class
on ethics. Which one of the following statements is correct
concerning what she needs to impress upon her students?
- Answer-Between two or more right answers
Anil is a new customer service representative in a busy
insurance company sales department. In training, he is
finding that his employer greatly values acting
professionally at all times. Anil should learn that - Answer-
Business ethics entail doing what is right in the context of
products and services and relationships with stakeholders.
Which one of the following statements concerning laws is
true? - Answer-Laws impose a sense of societal decency
and order.
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Which one of the following best describes business
ethics? - Answer-Business ethics are, in reality, applied
ethics.
Underwriter Jessica is confronted with an ethical issue
involving an applicant. She wants to handle it ethically.
She should remember that ethical behavior is primarily
based on - Answer-Reasoned consideration of all issues
surrounding a conflict.
Sadie, a new claims adjuster, was on the job just two
months when she recognized an ethical issue. She knew
from her training that ethics concern making often difficult
decisions - Answer-Ethics entail knowing what to do when
a situation presents more than one "right" answer.
Greater North American Insurance Company encounters a
recurring claims situation in which it can choose to pay out
either of two different amounts for any given situation,
depending on the interpretation of the claim. There are no
regulations that directly address the issue. The policy they
choose to formulate will be primarily based on which one
of the following? - Answer-Ethics
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The claims representatives at Insurance Company are
taking an ethics course where they are learning about
handling moral, ethical, and legal issues that may be
encountered in their profession. Morals are - Answer-A
process by which decisions are made between right and
wrong.
Managers at Greater North American Insurance Company
must deal with ethical conflicts on a regular basis. Ethical
conflicts frequently arise because of - Answer-The
inherent needs of different parties.
Alexandria is a claims supervisor who demands that her
claims representatives are up to date on the latest
insurance laws. She knows that laws are important
because laws can be said to - Answer-Establish a code of
appropriate behavior.
Laura, a claims processor for Great American Insurance
Company, notices that a claim in her queue involves a
personal friend. While the claim itself is legitimate, the
suggested settlement amount appears to be higher than
similar claims in Laura's experience. Her decision on
whether to refer her friend's claim for further investigation
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or to pay the stated amount primarily involves which one
of the following? - Answer-Morals
The sales team at Local Insurance Company receives
periodic training on insurance laws and regulations. Which
one of the following statements is correct regarding what
the sales team needs to realize? - Answer-Laws specify
right and wrong behavior and are important to orderly
behavior.
Which one of the following situations primarily represents
a moral, as opposed to legal or ethical, failure? - Answer-
An applicant misrepresents previous work experience to
land a position.
Greater North American Insurance Company appoints a
panel of managers from a variety of departments to review
and assess the company's ethics. Which one of the
following statements regarding business ethics is correct?
- Answer-Ethics apply when a law is not applicable.
Greater North American Insurance Company operates
according to the laws and regulations of the various states
in which it conducts business. Which one of the following
Ethics 311: Ethical Decision Making in Risk and
Insurance Exam ||Verified Exam!!!|| Most Recent Exam
Actual Complete Real Exam Questions and Correct
Answers (Verified Answers) | Already Graded A+ |
Guaranteed Success!! Newest Exam!!!
Suzie is a trainer at an insurer who is conducting a class
on ethics. Which one of the following statements is correct
concerning what she needs to impress upon her students?
- Answer-Between two or more right answers
Anil is a new customer service representative in a busy
insurance company sales department. In training, he is
finding that his employer greatly values acting
professionally at all times. Anil should learn that - Answer-
Business ethics entail doing what is right in the context of
products and services and relationships with stakeholders.
Which one of the following statements concerning laws is
true? - Answer-Laws impose a sense of societal decency
and order.
,2|Page
Which one of the following best describes business
ethics? - Answer-Business ethics are, in reality, applied
ethics.
Underwriter Jessica is confronted with an ethical issue
involving an applicant. She wants to handle it ethically.
She should remember that ethical behavior is primarily
based on - Answer-Reasoned consideration of all issues
surrounding a conflict.
Sadie, a new claims adjuster, was on the job just two
months when she recognized an ethical issue. She knew
from her training that ethics concern making often difficult
decisions - Answer-Ethics entail knowing what to do when
a situation presents more than one "right" answer.
Greater North American Insurance Company encounters a
recurring claims situation in which it can choose to pay out
either of two different amounts for any given situation,
depending on the interpretation of the claim. There are no
regulations that directly address the issue. The policy they
choose to formulate will be primarily based on which one
of the following? - Answer-Ethics
,3|Page
The claims representatives at Insurance Company are
taking an ethics course where they are learning about
handling moral, ethical, and legal issues that may be
encountered in their profession. Morals are - Answer-A
process by which decisions are made between right and
wrong.
Managers at Greater North American Insurance Company
must deal with ethical conflicts on a regular basis. Ethical
conflicts frequently arise because of - Answer-The
inherent needs of different parties.
Alexandria is a claims supervisor who demands that her
claims representatives are up to date on the latest
insurance laws. She knows that laws are important
because laws can be said to - Answer-Establish a code of
appropriate behavior.
Laura, a claims processor for Great American Insurance
Company, notices that a claim in her queue involves a
personal friend. While the claim itself is legitimate, the
suggested settlement amount appears to be higher than
similar claims in Laura's experience. Her decision on
whether to refer her friend's claim for further investigation
, 4|Page
or to pay the stated amount primarily involves which one
of the following? - Answer-Morals
The sales team at Local Insurance Company receives
periodic training on insurance laws and regulations. Which
one of the following statements is correct regarding what
the sales team needs to realize? - Answer-Laws specify
right and wrong behavior and are important to orderly
behavior.
Which one of the following situations primarily represents
a moral, as opposed to legal or ethical, failure? - Answer-
An applicant misrepresents previous work experience to
land a position.
Greater North American Insurance Company appoints a
panel of managers from a variety of departments to review
and assess the company's ethics. Which one of the
following statements regarding business ethics is correct?
- Answer-Ethics apply when a law is not applicable.
Greater North American Insurance Company operates
according to the laws and regulations of the various states
in which it conducts business. Which one of the following
