Vidyalelo
Commerce · Q135

Insurance

Graduate and Post Graduate · Commerce · question 135

Q135

Which of the following statements is correct

A.
Ethical behavior is impossible while selling insurance
B.
Ethical behavior is not necessary for insurance agents
C.
Ethical behavior helps in developing trust between the agent and the insurer
Answer
D.
Ethical behavior is expected from the top management only

Answer: Option C

Solution

Answer: Option C
Solution:
Ethical behavior helps in developing trust between the agent and the insurer. In the trusting relationship, the prospect allocates trust insofar as they found the conduct of the agent as credible and reliable.