Ethics 311 Ethical Decision Making in Risk and Insurance
Exam Newest 2026 Questions and Correct Detailed Answers
Already Graded A+
Which one of the following statements is correct? CORRECT ANSWER-
Underwriters must balance the customer's need for a fair price and
comprehensive coverage with the insurer's profit goals.
Mitsuki visited a local insurance agent to obtain coverage for her yacht. She
requested liability coverage in the amount of $100,000 and hull coverage in the
amount of $150,000. She asked the agent to submit her request to Watercraft
Insurers. The higher the coverage limits, the more money the agent makes in
commissions. Which one of the following is the most appropriate action for the
agent? CORRECT ANSWER-The agent should review the situation with Mitsuki
to determine what would be reasonable amounts of coverages.
Jessica is a loss control specialist with an insurer. She often inspects the property
and operations of insureds and makes loss control recommendations to the
underwriter. Jessica's duties in these situations are best described by which one
of the following? CORRECT ANSWER-Her duties involve the policyholder, the
public, and the insurer.
, Sanjay is a claims representative for Dutiful Insurance Company. A policyholder is
sued by a third party for an at-fault accident. If he acts according to high ethical
standards, which one of the following should be Sanjay's primary goal?
CORRECT ANSWER-To protect the policyholder from out-of-pocket loss
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 CORRECT 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? CORRECT ANSWER-
Ethics
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? CORRECT 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
Exam Newest 2026 Questions and Correct Detailed Answers
Already Graded A+
Which one of the following statements is correct? CORRECT ANSWER-
Underwriters must balance the customer's need for a fair price and
comprehensive coverage with the insurer's profit goals.
Mitsuki visited a local insurance agent to obtain coverage for her yacht. She
requested liability coverage in the amount of $100,000 and hull coverage in the
amount of $150,000. She asked the agent to submit her request to Watercraft
Insurers. The higher the coverage limits, the more money the agent makes in
commissions. Which one of the following is the most appropriate action for the
agent? CORRECT ANSWER-The agent should review the situation with Mitsuki
to determine what would be reasonable amounts of coverages.
Jessica is a loss control specialist with an insurer. She often inspects the property
and operations of insureds and makes loss control recommendations to the
underwriter. Jessica's duties in these situations are best described by which one
of the following? CORRECT ANSWER-Her duties involve the policyholder, the
public, and the insurer.
, Sanjay is a claims representative for Dutiful Insurance Company. A policyholder is
sued by a third party for an at-fault accident. If he acts according to high ethical
standards, which one of the following should be Sanjay's primary goal?
CORRECT ANSWER-To protect the policyholder from out-of-pocket loss
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 CORRECT 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? CORRECT ANSWER-
Ethics
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? CORRECT 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
