California California Ethics Training - Includes CA Anti-Fraud Training

Insurance professionals are concerned about their social responsibility and the role of ethics in their business endeavors. Since the business of insurance is based upon a mutual trust between producers and customers, this trust must be founded upon the highest ethical standards.

There are certain accepted standards of behavior and activity which are expected from insurers and their licensed agents with regard to ethical handling of money and the needs of our clients.

Adhering to the highest ethical standards and the proper handling of money is vital to the continued integrity of the insurance industry.

This is evident in all facets of involvement in the day-to-day operation of a producer, especially in those areas relating to recommendations, the handling of premiums, client funds, and all monies involved with insurers, insureds, and producers. We explore all of these throughout your course.

The focus is also to increase the ethical awareness, professionalism, and competency of producers as well as to increase professional’s awareness of and reinforcement of specific knowledge about ethical principles and rules.

The course section also explores specialized situations of everyday applications of a personal code of ethics.

As insurance agents and brokers, you provide an essential service and serve as an important resource for homeowners, renters, drivers and consumers across the state. You also play a key role in anti-fraud efforts for the insurance industry as you are in a unique position to detect suspicious insurance applications, potential fraudulent transactions, and claims, and stop them before the fraud is committed.

Because of the change in state law, beginning in 2023, agents and brokers now have a duty to report suspected fraud. The new requirement will assist investigators in the Enforcement Department to do their job to protect consumers.

This training is really aimed at helping you identify red flags for potential fraud so you can meet your reporting duty. In doing so, you are helping prevent fraudulent insurance transactions and sending a strong deterrent message.

We look at how to get a better handle on knowing how identity thieves and other forms of fraud work, what they are looking for, what they do with what they steal, and how it affects us both in time and money – all negatively affecting our financial well-being, as well as retirement savings and investing.

We review what should and can be done if, if fact, one becomes a victim of “Fraud” in all of its forms and areas of fraud in California.