Question 1:

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

Select one:

A. What feels like the right thing to do.

B. Consideration of applicable laws and morals.

C. Application of laws to personal values.

D. Reasoned consideration of all issues surrounding a conflict.

Question 2 :

Claire is a new insurance professional who has learned in training that ethical conduct is important in the insurance industry. The ethical standards to which insurance professionals must adhere are rooted in regulatory requirements, economic outcomes, and

Select one:

A. Personnel hiring policies

B. Social responsibility

C. Custom and practice

D. Common law

Question 3 :

Charles is a loss control representative with ABC Insurance Company. He has been with the company for eighteen years and is experienced and knowledgeable. Charles is also very involved in a number of activities outside of work, and is well thought of by the groups in which he is involved. He is active in his church's outreach program, he is a Scout leader, and he coaches softball in the summer and hockey in the winter. Charles knows that his supervisor is due to retire in the next year or two and he is hoping to be able to take over the position. He has had several frank discussions with his supervisor about this. His supervisor has been supportive but has also pointed out that the job would require him to work long hours and to take work home with him as well. Charles would need to give up many of his extracurricular activities in order to keep up with the demands of the job. This poses an ethical dilemma for Charles. Which one of the following types of ethical conflicts does this situation most clearly represent?

Select one:

A. Long-term versus short-term

B. Truth versus loyalty

C. Individual versus community

D. Justice versus mercy

Question 4:

Claire is a new insurance professional who has learned in training that ethical conduct is important in the insurance industry. The ethical standards to which insurance professionals must adhere are rooted in regulatory requirements, economic outcomes, and

Select one:

A. Personnel hiring policies

B. Social responsibility

C. Custom and practice

D. Common law