Ethical Principles and Practices Affecting Insurance

Professional Recertification (PRCE)

Take This Course

$5.00

4 credit hours

If purchased today, this course must be completed by:
September 15, 2025 (307 Days)

Description

This course will focus on the ethical issues in the sales process.  Although its principal attention will be directed to an examination of the ethical concerns encountered in sales in the senior market, the principles developed apply equally to all prospects and clients.  Furthermore, while many of the specific ethical breaches examined relate to the sale of insurance and other financial products, the underlying ethical principles also apply to the sale of other products.
As we examine business decisions from an ethical dimension, it will become clear that the gaining of short-term profit and the adherence to ethical principles will sometimes clash.  In plainer terms, cleaving to ethical principles may require the individual to forgo immediate gain.  In the short term, good ethical behavior and profits cannot be equated.  Not so in the long run.
While there are benefits of ethical practices that are far more valuable than profits to many people, long-run profits are enhanced by the individual’s or company’s adherence to ethical principles.  As we will discuss later in this course, the client trust that is developed as a result of consistently ethical professional practices will be repaid many times over in referrals, endorsements and repeat business.


Learning Objectives

Students who have completed this course should be able to:

  • Understand the fundamental principles underlying ethical systems
  • Discuss the foundations of professional ethics
  • Modify the tools and methods you use in the sales process to meet heightened ethical requirements
  • Identify specific ethical sales concerns and unethical sales conduct
  • Replace in your sales vocabulary those terms that have a high probability of misleading clients
  • Recognize the special issues concerning product replacement
  • Identify the special requirements involved when working with impaired clients
  • Implement a system for ethical decision making

Exam Details

Need Proctor?No *
Question Count:25 **
Passing Grade:70%
Attempts to Pass:Unlimited

* A proctor may be required if Insurance Continuing Education credits are included with your course.

** Your exam may be longer if Insurance Continuing Education credits are included with your course.

Course Details

Course Number:15600
Approved Title:Ethical Principles and Practices Affecting Insurance
Approved Credits
4 credits in PRCE
Provider:InsuranceStudy.com
Provider Number:770
Topics Covered:Ethics
Program Level:Intermediate

Rules for American College PRCE (formerly PACE)

  • Course material may be downloaded.
  • Exam is open book.