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Ethics 311 Questions with 100- correct answers already graded A+.
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Ethics 311 Questions with 100- correct answers already graded A+.
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Ethics 311Questions with
100% correct
answers already
graded A+
Which one of the following could create an ethical
issue? - answer Placing insurance with the insurer
paying the highest commission
Unselfish concern for the welfare of others is
referred to as: - answer Altruism.
Penny is in the marketing department at Insurance
Company. Which one of the following is an
important truth for her to know? - answer
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.
, 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? -
answer Oliver still has significant duties to the
public and primary insurer policyholders.
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 following types of
ethical conflicts does this situation most clearly
represent? - answer Truth versus loyalty.
Burt's young son belongs to a scouting
organization. A father of a fellow scout has
volunteered to be the group's treasurer. Burt, as a
bond underwriter, knows from an application he
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