RMI 3504 Lecture Notes - Lecture 1: Chartered Property Casualty Underwriter
23 Apr 2016
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Topic 1: insurance ethics: moral principles that govern a person"s/group"s behavior, the branch of knowledge that deals w/ moral principles, look at motivations to determine if it"s ethical or not. Why is it good to be ethical: have a better reputation, bad ethics will hurt your business. How do you resolve an ethical problem: morals. Upbringing, society, religion, peers, parents, teachers: laws, policies and procedures, regulations and cpcu code of conduct. Consequences of an ethical breach: increased scrutiny, private/public censure, stripped of your designations, fines/jail, lose your job. In resolving the ethical dilemma, you should consider: situation, rules, people.
