Cisr agency operations Study guides, Revision notes & Summaries

CISR AGENCY OPERATIONS EXAM 2023-2024 ACTUAL EXAM 300 QUESTIOS AND CORECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) |AGRADE

CISR Agency Operations Self Quiz 50 Questions with Answers 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? - CORRE...

CISR Agency Operations| 265 Questions| 100% Accurate Professional - ANSWER an adjective used to describe appearance, attitude, or actions Acting Ethically and Professionally - ANSWER you put the needs of your clients above your own Ethics - 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 - ANSWER Friends, Society, Media, Belief Syst...

Professional - ANSWER an adjective used to describe appearance, attitude, or actions Acting Ethically and Professionally - ANSWER you put the needs of your clients above your own Ethics - 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 - ANSWER Friends, Society, Media, Belief Systems, Educational Institution, Legal Restraints, Family ...

Four benefits of ethical behavior CORRECT 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 CORRECT ANSWER-Risk misrated to write coverage - Insurer doesn't receive enough premium; Insurer not able to pay losses Common ethical issues CORRECT ANSWER-Rating a vehicle using wrong class; incor...

What does an agency gain by requiring their employees to behave ethically? CORRECT 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. CORRECT 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 CORRECT ANSWER-1. Define the problem 2...

CISR AGENCY OPERATIONS EXAM ACTUAL EXAM 200 QUESTIOS AND CORECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) |AGRADE

CISR Agency Operations Self Quiz Latest Update Graded A+ Which one of the following best describes actual authority? 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? Loyalty, good faith, reasonable care and contractual duties Which one of the following is not one of the four benefits of ethical behavior? thical behavior encourages governmental...

CISR Agency Operations