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Ethics for Insurance Professionals Basic New

Course Description

Course Description:

This course covers the basic concept of ethics with a detailed definition and what it entails. We will discuss the role of ethics in our personal as well as professional lives and the challenges faced. We will also discuss the core ethical values and how rationalization is used as a common tool. Finally, we will talk about the framework of ethical decision – making and conclude with a brief discourse on ethics and conflict of interests.

LEARNING OBJECTIVES:

  • Define ethics and emphasize on the various principles involved.
  • Discuss the ways in which we can incorporate ethical values in our personal and professional lives.
  • Briefly define the major themes in ethical philosophy.
  • Fully understand the core ethical principles and values and the use of rationalization.
  • Elaborate on the framework for ethical decision – making.
  • Define the key elements of a conflict of interest.

TOPICS COVERED:

  • Introduction
  • Lesson 1: How We Live
  • LESSON 2: Role of Ethics
  • LESSON 3: Ethics Philosophy
  • LESSON 4: Ethics VS Values
  • LESSON 5: Rationalization
  • LESSON 6: Ethical Decision – Making
  • LESSON 7: Ethics and Conflict of Interest

REGULATORY REQUIREMENT:
Please see the state/regulatory requirement from the course catalog page.

SEAT TIME:
This course has been approved for 2 hours.

COURSE PRE – REQUISITE:
N/A

TESTING:
Final Exam – You will be required to pass the final exam with a 70% in order to receive course credit.

COURSE COMPLETION:
Upon successful completion of this course you will be able to print your certificate online.

ACCESS PERIOD:
One Year

APPROVING BODY:
Oklahoma DOI

SME INFORMATION:
EMMERT C. DAUGARD, M.A. CLU ChFC HIA MHP PAHM RHU REBC LIC

An accomplished speaker/trainer who has developed and taught many public insurance continuing education courses. Since 1988, designed and taught courses to over 25,000 insurance professionals. Held the insurance positions of agent/broker, manager, and corporate senior vice – president. Licensed for over 20 years in both property/casualty and life/health.

EXPERIENCE:

  • Director, Center for Continuing Education, Austin, Texas
  • Manager/Senior Vice – President, Sales/Marketing, Sheshunoff & Company, Austin, Texas
  • Vice President, Sales, Hawkeye Insurance Services, Des Moines, Iowa
  • District Manager, Farmers Insurance Group, California & Iowa

EDUCATION AND LICENSES:

  • Masters Of Arts, Business And Administration, Columbia Pacific University
  • Bachelor of Science, Mankato State University
  • Chartered Life Underwriter & Chartered Financial Counselor Designations
  • Registered Health Underwriter & Registered Employee Benefits Counselor

State Requirements

Continuing Education Hours
Agents/producers will be required to complete 24 hours of continuing education (CE), including three hours of Ethics and two hours of legislative updates.

Title and aircraft title producers will be required to complete 16 hours of CE, including two hours of Ethics and two hours of legislative updates.

Customer service representatives will be required to complete 13 hours of CE, including three hours of Ethics.
Adjusters will be required to complete 24 hours of CE, including three hours of Ethics.

Continuing Education Compliance Date
Same as renewal date

License Renewal Date
Last day of the license issuance month, biennially

Type of Courses Accepted For CE Credit
Independent Self-study courses
Classroom

Course Subject Requirements
Flood: All producers selling flood products, must complete three hours of National Flood Insurance Program (NFIP) flood training.
LTC/P: All producers who sell, solicit, or market long-term care policies must complete a one-time eight-hour initial training course, followed by four hours of ongoing training every two years thereafter.
Medicare: All producers who sell, solicit, or negotiate Medicare Advantage or Medicare Private Fee for Service products and plans must complete eight hours of related training in addition to their CE requirement. The producer must also complete four hours of ongoing training every two years thereafter, which can be applied to their CE requirement.
No more than four hours may be taken in Ethics related courses.

Carryover Requirements
Up to six hours may be carried over to the next compliance period.

Course Repetition
Credit will not be give for a course that is repeated in a 2 year period.

Final Exam
Final exam to be monitored by a disinterested third party, supervisor or test administrator.

Exemptions

  • Limited insurance representatives.
  • Agents who are age 65, have at least 30 years experience, and who no longer write new business.
  • Nonresident agents on a reciprocal basis whose home state‚Äôs CE requirements are the same or greater than Oklahoma.

For Additional Information Please Contact
Oklahoma Insurance Department
Licensing Division
P.O. Box 53408
Oklahoma City, OK
73152-3408
PHONE: (405)522-4626
FAX: (405)522-3642
http://www.oid.state.ok.us/

PRICE:

$10

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