As part of your continuing education requirements, the individual states require that producers complete a certain number of hours in Ethics training. This course will provide you with three hours of ethics training approved in your state towards completing your education requirements in order to renew your license. This course will take an in-depth look at a number of issues surrounding ethics and the producer. The course begins with a look at trust in the industry, and whether clients actually trust insurance producers compared to other professions. It continues with a comparison of ethics versus morality, and discusses how individual beliefs alter ethical choices at times. Corporate ethical behaviors are scrutinized, and the lesson explores situations in which ethics and morals collide. There are a number of approaches to making an ethical decision, and we will take a look at a number of different methods that can be employed when faced with an ethical decision. A number of concepts and terms are explored, and the course will consider the legal ramifications associated with poor ethical choices. As an important part of ethical compliance, we will also delve into unethical and unfair trade and claims practices, which have been heavily regulated by the state insurance divisions to protect clients and others. The course will concentrate on the producer’s ethical duties to the customer, the agency, and others in the business. The course provides plenty of examples to compare intelligent decision-making to decisions that are not that well thought out. We finish with the National Association of Insurance and Financial Advisors Code of Ethics, which gives an excellent ethical baseline in which to base ethical behavior, and the Code of Ethics that Chartered Property and Casualty Underwriters must ascribe to. The lesson concludes with an idea of creating an in-house Code of Ethics for the agency or for a related type of insurance business, and it's importance.
Course Format: Text
Credit Type: Ethics
Course ID(s): 94344, 94344
Approved By: Department of Commerce And Consumer Affairs - Insurance Division
