Ethics for Insurance Professionals Advanced (ET) Description
In this course we do not intend to create a complex, philosophical, intellectual debate on current ethical considerations. Rather, we will present a practical discussion of business ethics with specific examples taken from the insurance industry. The course addresses the complexities of ethical decision making in today's insurance environment. It suggests ways for insurance producers to establish ethics in the work place and thereby take a step toward reducing the possibility of questionable practices and wrongdoing.
Upon completion of the course, the student will be able to:
- Learn the basic concepts of ethics.
- Understand professionalism and ethical standards.
- Learn to differentiate between ethics and values.
- Define what is meant by conflict of interest.
- Define the steps involved in ethical decision making.
- Learn the intricacies of the insurance product.
- Understand the responsibilities if an insurance professional.
- Understand the disclosures involved in policy illustrations.
- Understand the standards of consumer protection in the insurance industry.
- Understand the various regulations of insurance trade practices.
