Brigitte is a commercial lines producer and a CPCU. She works at the second largest insurance brokerage in the area. The largest brokerage has an agency agreement with ABC Insurance, a carrier that Brigitte's employer does not represent. Brigitte has heard unconfirmed rumors that ABC Insurance is slow to pay claims and provides poor service in terms of loss control. When Brigitte visits one of her larger accounts to discuss the client's upcoming renewal, the client advises Brigitte that he has received a quote from her competitor, ABC, and that it is significantly lower than what the client is currently paying. Brigitte quickly tells the client that ABC has a poor reputation within the industry for bad service and slow payment of claims. The client thanks Brigitte, and renews the policy. Required:
What best describes the application of Canon 7 of the Code of Professional Conduct as it relates to improving the public understanding of insurance?

Insurance companies have internal controls in place to protect assets, monitor the accuracy of accounting records and encourage operational efficiencies and adherence to policies. these internal controls are generally of two types: administrative controls and accounting controls. administrative controls are the policies and procedures that guide the daily actions of employees. accounting controls are the policies and procedures that delineate authorizations of financial transactions that are done, safeguard assets, and provide reports on the company’s financial status in a reliable and timely manner. internal controls should include both preventative and detective controls. the purpose of preventative controls is to stop problems and errors before they occur. detective controls identify problems after they have occurred. preventative controls are usually more effective at reducing problems, but they also tend to be more expensive. internal controls must be flexible to adjust for changes in laws and regulations in addition to adding new products or modifying current ones. companies must also do regular analyses to ensure that the benefits of implementing the controls are worth their costs. when concerned about paying unwarranted insurance claims which type of control would be useful?

What are two benefits of consumer programs

You've arrived at the pecan shellers conference—your first networking opportunity. naturally, you're feeling nervous, but to avoid seeming insecure or uncertain, you've decided to a. speak a little louder than you would normally. b. talk on your cell phone as you walk around. c. hold an empowered image of yourself in your mind. d. square your shoulders before entering the room.