RMI 3504 Lecture Notes - Lecture 1: Chartered Property Casualty Underwriter, Golden Rule

• School: Temple University
• Department: Risk Management and Insurance
• Course: RMI 3504
• Professor: Wilkinson

Document Summary

Moral principles that govern a person"s or group"s behavior. Synonyms: moral code, morals, morality, values, rights and wrongs, principles, ideals, standards (of behavior), value system, virtues, dictates of conscience. The branch of knowledge that deals with moral principles. Golden rule: always treat others as you want to be treated. How does an insurance professional resolve an ethical problem. Insurance professionals should endeavor to place the public interest above their own. Insurance professionals should eek continually to maintain and improve their professional knowledge, skills and competence. Insurance professionals should obey all laws and regulations and should avoid any conduct or activity that would cause unjust harm to others. Insurance professionals should be diligent in the performance of their occupational duties and should continually strive to improve the functioning of the insurance mechanism. Insurance professionals should aspire to raise the professional and ethical standards of the insurance and risk management profession.