Ethical Principles and Practices Affecting Insurance - SC

Insurance Continuing Education in South Carolina

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Your Price: $11.01

regular price: $12.95

4 credit hours

If purchased today, this course must be completed by:
July 31, 2022 (71 Days)

South Carolina insurance continuing education requires an impartial third-party proctor be present during your final exam. The proctor must be at least 18 years of age and cannot be a friend, relative or co-worker of the licensee, nor anyone with a financial interest in the exam result.
Description

Overview

This course will focus on the ethical issues in the sales process.  Although its principal attention will be directed to an examination of the ethical concerns encountered in sales in the senior market, the principles developed apply equally to all prospects and clients.  Furthermore, while many of the specific ethical breaches examined relate to the sale of insurance and other financial products, the underlying ethical principles also apply to the sale of other products.
As we examine business decisions from an ethical dimension, it will become clear that the gaining of short-term profit and the adherence to ethical principles will sometimes clash.  In plainer terms, cleaving to ethical principles may require the individual to forgo immediate gain.  In the short term, good ethical behavior and profits cannot be equated.  Not so in the long run.
While there are benefits of ethical practices that are far more valuable than profits to many people, long-run profits are enhanced by the individual’s or company’s adherence to ethical principles.  As we will discuss later in this course, the client trust that is developed as a result of consistently ethical professional practices will be repaid many times over in referrals, endorsements and repeat business.


Learning Objectives

Students who have completed this course should be able to:

  • Understand the fundamental principles underlying ethical systems
  • Discuss the foundations of professional ethics
  • Modify the tools and methods you use in the sales process to meet heightened ethical requirements
  • Identify specific ethical sales concerns and unethical sales conduct
  • Replace in your sales vocabulary those terms that have a high probability of misleading clients
  • Recognize the special issues concerning product replacement
  • Identify the special requirements involved when working with impaired clients
  • Implement a system for ethical decision making

Exam Details

Need Proctor?Yes
Question Count:25
Passing Grade:70%
Attempts to Pass:Unlimited
Note: If you choose to request additional credit types while taking this course, the number of exam questions and proctor rules may change to meet those credits' requirements.

Course Details

Course Number:6000109914
Approved Title:Ethical Principles and Practices Affecting Insurance
Approved Credits
4 credits in Ethics
Provider:InsuranceStudy.com
Provider Number:164617
Topics Covered:Ethics
Program Level:Intermediate

Rules for South Carolina Insurance Continuing Education

  • This state allows for course material to be downloaded. Please note that not all courses will have content that is suitable or available for downloading.
  • Exam is closed book.
  • Effective January 2011, the deadline for biennially complying with continuing education and license renewal is the last day of the producer's month of birth. Producers born in an odd numbered year must comply by the last day of the birth month in an odd numbered year. Producers born in an even numbered year must comply by the last day of the birth month in an even numbered year.
  • Multi-line (property and casualty and life, accident and health) producers must complete twenty-four hours of CE credits. A minimum of eight (8) credit hours must be completed in each line of authority and a minimum of three (3) credit hours of Ethics.
  • Producers with reduced compliance requirements (15 hours) must complete 12 hours in the line of authority held and 3 hours of Ethics. Multi-line producers with reduced compliance requirements (15 hours) must complete 6 hours in each line of authority and 3 hours of ethics. Failure to comply by the last day of the producer's birth month will result in the license being lapsed.
  • Click here to download the South Carolina Department of Insurance Continuing Insurance Education Reminder Notice. Last Updated 1/11/2018
  • Effective January 1, 2017, a valid personal and/or business email address is required by law. Please visit Online Services to update your email address. The Department will no longer be mailing hard copy renewal notices to licensees.
  • Producers must renew the license, obtain fingerprints, complete 24 hours of continuing education including a minimum of 3 hours of Ethics, and pay the biennial recordkeeping fee to the Continuing Education Administrator by the deadline or the producer license will lapse.
  • Up to 18 CE hours in excess of the CE compliance period may be carried over and applied to the next compliance period. (The law allowing reduced CE compliance was repealed January 1, 2010. This Section applies only to those producers who were granted a reduced CE compliance prior to January 1, 2010.)
  • An individual who arrives after the start of a CE class or leaves before the class is over will not receive credit for the continuing education classroom session, regardless of the number of hours completed during the class session. Instructors may deny credit to anyone who is inattentive (reading the newspaper, talking, texting, using cell phone, etc.).