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:
- What is ethics?
- Kant and the categorical imperative.
- Hegel and ethics and that the ethical life is a concept of freedom.
- Virtue ethics.
- Metaethics.
- The Golden Rule.
- Applied ethics.
- Uberrimae Fidei.
- Understanding the concept of Uberrimae Fidei.
- How an insurer insists on insurer-wide ethical behavior.
- 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.
- 1. Fraud: Focus on Corruption
- 2. Ethics for the Insurance Professional
- 3. Better Risk Management
- 4. Financial Policies That Board Directors Should Know
- 5. Cyber Risk Framework - Protect Assets
- 6. The Covenant of Good Faith and Fair Dealing
- 7. Architecting and Implementing a Single Integrated View of Risk and Compliance across the Organization
- 8. The Creation of a Scope, Statement, and Proof of Loss
- 9. Wage and Hour Law Compliance: It’s More than just Paying the Hours on a Time Card
- 10. Understanding Methods for Mitigating International Trade Risk
Included In Certifications
This course is included in the following Certification Programs:
16 CoursesCorporate Property Insurance Certification
- Introduction: Excellence in Claims Handling
- How to Acquire a First-Party Property Insurance Policy
- How to Read and Understand an Insurance Policy
- The Necessity of an Honest and Complete Insurance Application
- The Basics of the Law of Contracts for the Insurance Professional
- Ethics for the Insurance Professional
- What is the Problem with Fraud?
- Interviewing Techniques for the Insurance Professional
- Investigation of a First-Party Property Insurance Claim
- The Creation of a Scope, Statement, and Proof of Loss
- The Duties of an Insured Presenting a First-Party Property Claim
- The Insurance Examination under Oath (EUO)
- Insurance Fraud Prevention
- Compliance with Special Investigation Unit Regulations
- Compliance with Good Faith Settlement Practices Regulations
- The Obligations of a Public Insurance Adjuster
Prerequisites
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
Course Questions and Answers1 Question
About Illumeo
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Contact Us
- Email: info@illumeo.com
- Phone: 408-400-3993
- Adress: 1608 W Campbell
- Av #221, Campbell, CA 95008
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How do I completer the program, also I need 3 hours the appears to be 1.5 hours