https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/2441/Ethics-In-Life-Insurance-And-Related-Financial-Services/
... order to understand where deceptive or misleading behavior is being condoned, either through negligence or explicit rewards. While both agents and corporate mangers bear responsibility for ethical behavior in their interactions, the major responsibility for establishing an ethical relationship lies with the agent or broker. In short, Derry contends that ethical responsibility rests primarily with the party who holds the greater power and expertise. Key Issues In the fall of 1990, two Drake University professors surveyed CLUs and ChFCs. The first survey was to determine perceptions about the key ethical issues and ... behavior. Whatever contributions we make through our work to ensure a high quality of life for others will reward us. Whatever we do through our work to deprive others of a high quality of life will also yield a return, but not a reward. In personal terms, we pay for our unethical behavior through damage to our inner selves. So take advantage of the opportunities offered to you. Expand your knowledge through continuing education. Develop pride in your work. And above all, refine your personal sense of ethics. It ... contribute greatly to the meaning of your life. Notes 1. Clarence C. Walton, The Moral Manager (Cambridge, MA: Ballinger Publishing Company, a subsidiary of Harper & Row, 1988), pp. 105-106. 2. Walton, pp. 107-112. 3. Robbin Derry, Standards We Must Not Stretch, ' Best's Review (Oldwick, NJ: A.M. Best Company, September 1990) . 4. Robert W. Cooper and Garry L. Frank, Ethics in the Life Insurance Industry, ...
https://completemarkets.com/Article/article-post/2441/Ethics-In-Life-Insurance-And-Related-Financial-Services/
...iness of the greatest number.' The shortcoming of this approach is that it ten...return, but not a reward. In personal terms, we pay for our unethical behavior...