This course explains the concepts of ethical behavior and how ethical behavior is an essential element of insurance acquisition, underwriting, and claims handling. The course discusses what ethics is and how various philosophers have developed ethical behavior for everyone in a society. The ethical standards, as they apply to insurers and those insured by application of the covenant of good faith and fair dealing, work to allow insurers to apply ethical standards to its operation.

Maintaining both the public's faith in our sector as a whole and the trust on which insurance transactions are based depends heavily on ethical behavior. For the purpose of outlining an ethical framework, the Ethical Guidelines for Insurance Professionals learning course was created expressly for insurance practitioners. This course covers:

  1. What is ethics?
  2. Kant and the categorical imperative.
  3. Hegel and ethics and that the ethical life is a concept of freedom.
  4. Virtue ethics.
  5. Metaethics.
  6. The Golden Rule.
  7. Applied ethics.
  8. Uberrimae Fidei.
  9. Understanding the concept of Uberrimae Fidei.
  10. How an insurer insists on insurer-wide ethical behavior.
  11. How an insurer acts ethically.
Learning Objectives
  • The student will learn about the various philosophical concepts of ethical behavior.
  • The student will be able to:
  • Explore the various ethical concepts that have developed over the last two or three eons and how they can apply to insurance.
  • Explore the ethical concepts that best apply to insurance.
  • Identify the meaning of Uberrimae Fidei.
  • Identify how the insurance industry applies the concept of Uberrimae Fidei to the business of insurance and its relationships with insureds, insurance agents and brokers.
  • How an insurance professional can avoid conflicts of interest.
  • Identify how to avoid inducements.
Last updated/reviewed: January 25, 2023

Included In Certifications

This course is included in the following Certification Programs:

16 CoursesCorporate Property Insurance Certification

  1. Introduction: Excellence in Claims Handling
  2. How to Acquire a First-Party Property Insurance Policy
  3. How to Read and Understand an Insurance Policy
  4. The Necessity of an Honest and Complete Insurance Application
  5. The Basics of the Law of Contracts for the Insurance Professional
  6. Ethics for the Insurance Professional
  7. What is the Problem with Fraud?
  8. Interviewing Techniques for the Insurance Professional
  9. Investigation of a First-Party Property Insurance Claim
  10. The Creation of a Scope, Statement, and Proof of Loss
  11. The Duties of an Insured Presenting a First-Party Property Claim
  12. The Insurance Examination under Oath (EUO)
  13. Insurance Fraud Prevention
  14. Compliance with Special Investigation Unit Regulations
  15. Compliance with Good Faith Settlement Practices Regulations
  16. The Obligations of a Public Insurance Adjuster
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 .
Instructor for this course
  Course Overview CPE
Course Syllabus
INTRODUCTION AND OVERVIEW
  Introduction to Ethics for the Insurance Professional10:11
  Ethical Behavior and Covenant of Good Faith and Fair Dealing12:29
  What Concept of Ethics Best Fits the Insurer?12:23
  Ethical Behavior16:36
  The Concept of Ethics that is a Best Fit for the Insurance Professional12:30
  The Ethic of Insurance Professional9:45
  Applying Ethics to the Work of the Insurance Professional6:21
CONTINUOUS PLAY
  Ethics for the Insurance Professional1:20:14
SUPPORTING MATERIALS
  Slides: Ethics for the Insurance ProfessionalPDF
  Ethics for the Insurance Professional GlossaryPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam