As insurance presents both financial and generational inspired situations requiring agent understanding and counsel, transactions are based on honesty and trust with their advisor. As such, insurance professionals must maintain high ethical standards.
Many advisors forget much of the ethics training learned during their studies for professional licenses. Too often, belief their own gut wouldn’t let them astray and a general sense of ethics is enough to sustain their careers. While this may sound fine in theory, practice presents many different scenarios where the right answer is not crystal clear. A general refresher course for ethical terms and principles, as well as solutions to deal with grey areas, will do any consummate professional well.
This first of a three part series lays general foundation of insurance morals, laws, and ethics.
**Please inquire if CE credit is available for your accreditation and state