Cisr agency operations Study guides, Class notes & Summaries

What does an agency gain by requiring their employees to behave ethically? - ANSWER The agency can gain public trust and confidence, the ability to avoid government regulation, and increased credibility with all stakeholders. Identify two examples of actions that represent ethical breaches. - ANSWER 1. AM signed for Insured. 2. AM misrepresented a client's garaging address to obtain a better premium. Six Steps to Ethical Decision Making - ANSWER 1. Define the problem 2. Seek out resourc...

CISR Agency Operations Complete Questions and Answers!!! CISR Agency Operations What does an agency gain by requiring their employees to behave ethically? - ANSWER The agency can gain public trust and confidence, the ability to avoid government regulation, and increased credibility with all stakeholders. Identify two examples of actions that represent ethical breaches. - ANSWER 1. AM signed for Insured. 2. AM misrepresented a client's garaging address to obtain a better premium. Six Ste...

Agency Characteristics CORRECT ANSWER-Number of Employees, Locations, Areas of Specialization, AMS used, Local, Regional, National, International Operations, Use of Service Centers. Small Agency CORRECT ANSWER-Require staff to fill multiple roles. Mid-Sized Agencies CORRECT ANSWER-Staff may be split Large agencies CORRECT ANSWER-More Specialization in single lines. single or multiple locations CORRECT ANSWER-The number of locations will affect how an agency communicates and informs. ...

Which one of the following best describes actual authority? CORRECT ANSWER-When the agency is expressly given authority in the agency contract Which one of the following statements best describes the standard of care an insurance agency owes an insurance company? CORRECT ANSWER-Loyalty, good faith, reasonable care and contractual duties Which one of the following is not one of the four benefits of ethical behavior? CORRECT ANSWER-thical behavior encourages governmental regulation Which ...

CISR Agency Operations Exam 265 Questions with Answers Professional - CORRECT ANSWER an adjective used to describe appearance, attitude, or actions Acting Ethically and Professionally - CORRECT ANSWER you put the needs of your clients above your own Ethics - CORRECT ANSWER a system or set of moral principles or practice a set of rules or standards based on a set of principles or values we accept as truths and that govern our behavior Factors that influence ethics - CORRECT ANSWER Fr...

CISR Agency Operations Self Quiz with 100% Correct Solutions Which one of the following best describes actual authority? - Correct Answer ️️ -When the agency is expressly given authority in the agency contract Which one of the following statements best describes the standard of care an insurance agency owes an insurance company? - Correct Answer ️️ -Loyalty, good faith, reasonable care and contractual duties Which one of the following is not one of the four benefits of ethical beh...

CISR Agency Operations and Answers(RATED A) Four benefits of ethical behavior - ANSWER a. To be recognized as knowledgeable insurance professionals within the community b. To gain public trust and confidence c. To avoid government regulation d. To enhance credibility with customers and companies Misrating & Misclassification - ANSWER Risk misrated to write coverage - Insurer doesn't receive enough premium; Insurer not able to pay losses Common ethical issues - ANSWER Rating a veh...

CISR Agency Operations Exam-with 100% verified solutions-2023-2024

CISR Agency Operations Exam Questions And Answers 2023

CISR Agency Operations Self Quiz