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This is a complete course of study providing education and training which allows the student to learn how ethics and ethical behavior are necessary to insurance coverage and insurance claims.  The course covers everything an employee, officer, or director who deals with insurance matters for a corporation (or an officer or agent of an insurer) needs to know to implement important ethical standards to the business of liability insurance.  It is the purpose of liability insurance to protect those people and entities insured against claims they were damaged by the insured’s tortious conduct and they must be resolved fairly and in good faith.  

This course covers the following:

  1. A description of ethics and ethical behavior.
  2. Applying ethical behavior to the work of the insurance professional whether working for an insurer or an insured.
  3. The requirement that an insurance professional has an ethical compass and follows it religiously.
  4. A description of the various ethical concepts created by philosophers over the centuries from Aristotle to Ayn Rand.
  5. An explanation why ethical behavior is mandatory for the insurance professional.
  6. How to be an ethical insurance professional.
  7. How to avoid inducements and other attempts to cause the insurance professional to act unethically.
  8. How to apply ethics to the work of the insurance professional.
  9. How Sarbanes-Oxley applies to the ethical insurance professional.

Learning Objectives

  • Recognize ethical conduct.
  • Explore how ethical conduct is required in the business of insurance more than any other business.
  • Identify the various ethical systems to select one that best fits the insurance professional.
  • Identify how insurers and insureds deal with the need to act ethically.
  • Discover that ethical behavior is synonymous with the covenant of good faith and fair dealing.
  • Discover that the insurance professional is an ethical insurance expert with more knowledge and professional skill than the basic representative of the insurance company who decides to insure the corporation.

Included In Certifications

This course is included in the following Expert Certifications:

15 CoursesCertified Expert in Corporate Liability Insurance

  1. Corporate Liability Insurance: Excellence in Claims Handling
  2. How to Acquire a Policy of Third Party Liability Insurance
  3. How to Read and Understand a Liability Insurance Policy
  4. The Necessity For An Honest And Complete Application For Insurance
  5. The Law of Contracts for the Insurance Professional
  6. The Law of Torts
  7. Ethics for the Corporate Liability Insurance Professional
  8. The Covenant of Good Faith and Fair Dealing
  9. Interviewing Techniques For The Corporate Liability Insurance Professional
  10. Corporate Liability Insurance Fraud Prevention
  11. Corporate Liability Insurance: Rescission - An Equitable Remedy
  12. The Duties Of An Insured Presenting A Third Party Bodily Injury and Property Damage Claim
  13. The Statement And the Investigation of Third Party Liability Insurance Claim
  14. Compliance with Good Faith Settlement Practices Regulations
  15. Corporate Liability Insurance: Millions For Defense Not A Dime For Tribute

1 Review (3 ratings)Reviews

5
Member's Profile
Very informative about how an insurance professional needs to behave ethically....

Prerequisites

Course Complexity: Intermediate

No Advanced Preparation or Prerequisites are needed for this course. However, it is recommended to take the other courses in the series prior to completing this one.

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
  10:37Introduction to Course 6: Ethics for the Insurance Professional
  10:07Ethics for the Insurance Professional Part 1
  9:16Ethics for the Insurance Professional Part 2
  10:29Various Ethical Concepts
  14:06Various Ethical Concepts Cont'd
  13:22The Ethical Insurance Professional
  9:48Applying Ethics to the Work of the Insurance Professional
  5:47Sarbanes-Oxley & The Ethical Insurance Professional
CONTINUOUS PLAY
  1:23:33Course 6 - Ethics for the Corporate Liability Insurance Professional
SUPPORTING MATERIALS
  PDFSlides: Ethics for the Corporate Liability Insurance Professional
  PDFEthics for the Corporate Liability Insurance Professional Glossary/Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM