Question
Erin is an insurance producer dealing with a renewal of her largest and most important client. This client was responsible for bringing Erin into the
Erin is an insurance producer dealing with a renewal of her largest and most important client. This client was responsible for bringing Erin into the insurance business and for her personal and financial success. The client tells her that he is very close to purchasing another company that would have troublesome liability exposures. He asks Erin not to reveal any information at this time. Erin knows that after renewal, if the client closes the purchase, insurers will have to automatically cover the new liability exposures for a period of time. This ethical dilemma is best identified as
Select one:
A. Long-term versus short-term.
B. Individual versus community.
C. Truth versus loyalty.
D. Justice versus mercy.
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Contemporary Auditing
Authors: Michael C Knapp
12th Edition
357515404, 978-0357515402
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