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Definition
| Standards of conduct and moral judgement. The moral framework within which decisions are made. |
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| Conducting business in accordance with current rules and laws set by government regulatory agencies and the courts. Following the rules, making sure life insurance producers and companies go by the book when conducting business. |
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Definition
| Combination of both ethics and compliance. It refers to how insurance companies and producers conduct themselves in accordance with ethical standards and in compliance with rules and laws governing insurance policy sales, marketing and underwriting practices, as well as policy issuance, service, complaints, and terminations. PROFESSIONAL BEHAVIOR |
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Definition
| Report of an investigator providing facts required for a proper underwriting decision on applications for new insurance and reinstatements. |
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Definition
| A summary of an insurance applicant's credit history, made by an independant organization that has investigated the applicant's credit standing. |
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Definition
| The best way to explain policies clearly and completely. Review pg. 68. |
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Definition
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Term
| Medical Information Bureau |
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Definition
| A service organization that collects medical data on life and health insurance applicants for member insurance companies. |
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