Ethical Principles and Practices Affecting Insurance - SC
Insurance Continuing Education in South Carolina
Your Price: $16.95
4 credit hours
* A roster fee of $1.00 per credit is required to file Insurance Continuing Education credit in South Carolina. That fee is collected as part of your purchase and is then used to pay for the filling of your credits.
If purchased today, this course must be completed by:
December 03, 2024 (223 Days)
Professional Continuing Education
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
Course Details
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.
- Producers must complete 24 hours of continuing education including a minimum of 3 hours of Ethics by the deadline before they can renew the license online at NIPR (www.nipr.com).
- Multi-line (property and casualty and life, accident and health) producers must complete 24 hours of CE credits. A minimum of 8 credit hours must be completed in each line of authority and a minimum of 3 credit hours of Ethics.
- Click here to download the South Carolina Department of Insurance Continuing Insurance Education Reminder Notice. Last Updated 06/29/2022.
- Effective January 1, 2017, a valid personal and/or business email address is required by law. Please visit NIPR (https://pdb.nipr.com/my-nipr/frontend/identify-licensee) to update your email address. The Department will no longer be mailing hard copy renewal notices to licensees.
- The CE hours must be completed prior to renewing the license on NIPR. You should allow at minimum 72 hours for your CE status to be updated before you will be able to renew your license. If you wait until the last day of your birth month to complete your CE, you will not be able to renew on time and will incur a late renewal penalty.
- 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 expired. 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.
- Up to 18 CE hours in excess of the CE compliance period may be carried over and applied to the next compliance period; Ethics hours will not carryover.
- Effective May 27, 2022, producers may now apply for CE exemption if you are 65 years of age or older AND have 25 or more years of licensure. The online application is available on our website on the CE page.
- South Carolina's CE vendor, SBS, charges an additional fee of $1 per credit hour for us to electronically upload course completions directly to your CE transcript.