Cisr agency operations - Study guides, Class notes & Summaries

CISR Agency Operations| 265 Questions| 100% Accurate Professional - ANSWER an adjective used to describe appearance, attitude, or actions Acting Ethically and Professionally - ANSWER you put the needs of your clients above your own Ethics - ANSWER a system or set of moral principles or practice a set of rules or standards based on a set of principles or values we accept as truths and that govern our behavior Factors that influence ethics - ANSWER Friends, Society, Media, Belief Syst...

CISR: Agency Operations Exam With 100% Correct Answers 2023

CISR Agency Operations Self Quiz with 100% Correct Solutions Which one of the following best describes actual authority? - Correct Answer ️️ -When the agency is expressly given authority in the agency contract Which one of the following statements best describes the standard of care an insurance agency owes an insurance company? - Correct Answer ️️ -Loyalty, good faith, reasonable care and contractual duties Which one of the following is not one of the four benefits of ethical beh...

CISR Agency Operations Complete Questions and Answers!!! CISR Agency Operations What does an agency gain by requiring their employees to behave ethically? - ANSWER The agency can gain public trust and confidence, the ability to avoid government regulation, and increased credibility with all stakeholders. Identify two examples of actions that represent ethical breaches. - ANSWER 1. AM signed for Insured. 2. AM misrepresented a client's garaging address to obtain a better premium. Six Ste...

CISR: Agency Operations, Exam Review Questions and answers. Types of Stakeholders - -managers and employees customers insurers vendors industry associations government Transfer - -Insurance: transfer of financial consequence to an insurance company Non Insurance: when a customer transfers financial consequences to another by contract or agreement Retention - -Active: when a customer knows before the loss that they are responsible for all or part of the loss Passive: Whoops! when a...

CISR - Agency Operations Verified answers latest update

CISR: Agency Operations| 100 Questions| ATypes of Stakeholders - ANSWER managers and employees customers insurers vendors industry associations government Transfer - ANSWER Insurance: transfer of financial consequence to an insurance company Non Insurance: when a customer transfers financial consequences to another by contract or agreement Retention - ANSWER Active: when a customer knows before the loss that they are responsible for all or part of the loss Passive: Whoops! when a c...

CISR: Agency Operations – Questions & Solutions

Can be defined as a system or set of moral principles or practice - Ethics 7 Factors that can influence an individual's ethics are: - - Friends - Family - Society - Media - Belief Systems - Educational Institution - Legal Restraints 3 Benefits of being ethical – 1. Public Trust / Confidence Gained 2. Government Regulation Avoided 3. Enhanced Credibility Earned Examples of Government Regulation – - Limitations on how credit scoring is used in UW - Trust account fiduciary rules...