. What this class will cover 1.The Ethical Requirement for Insurance 2.Background on “ethics”...

.www.InsuranceCommunityUniversity.com

What this class will cover

1. The Ethical Requirement for Insurance2. Background on “ethics” and “morality” from an

historical and current day perspective3. Meaning of Ethics4. Ethics vs Morality5. Ethics in the Insurance Industry

1


Ethics Requirement for Insurance What does the ethics regulation require? The regulations stated in Section 2188.6(H)(I)&(J)

of the California Code of Regulations requires Fire and Casualty broker-agents and Life agents to complete four hours of ethics training during their two-year license term. Personal Lines broker-agents will be required to complete two hours of ethics training during their two-year license term

2


Why Should We Study Ethics? High profile cases have raised the

question of ethical behavior Businesses can no longer hide Transparency is the new watchword The public demands more from the

business relationships In general there are higher standards

being placed on behavior

3


The Foundation of Ethics The philosophical background of ethics can be

traced to Plato as espoused most notably in the ten books of The Republic (Republico).

The Republic was patterned after much of the works of Socrates—a teacher of Plato and carried forward by Aristotle who was a student of Plato at the age of 17 in Athens (367BC).

4


The Foundation of Ethics

Aristotle and his peers were among the first “ancient” philosophers who made a serious and systematic study of moral principles that he called ethics

“Aristotle believed, our early training and current material circumstances will determine to a great extent our capacity to follow the right path.” Philosophy The Classics

5


Ethics vs Morality

Often these words are used interchangeably Morals define personal character Ethics stress a social system to which morals

are applied. Ethics point to standards of code of behaviour expected by the group to which individuals belong

6


Ethics vs Morality

Case in point: a criminal defense attorney. The lawyers personal moral code my find

murder immoral and reprehensive Ethics demand the accused client be

defended In a court of law past actions of the

accused may be kept out of evidence so as not to prejudice the jury

7


Josephson Six Pillars of Character

8

. What this class will cover 1.The Ethical Requirement for Insurance 2.Background on “ethics”...

Documents

Transcript of . What this class will cover 1.The Ethical Requirement for Insurance 2.Background on “ethics”...