Question

What is the importance of the Code of Ethics in the insurance industry?

a.

It sets strict rules for insurers' personal affairs.

b.

It encourages unethical behavior.

c.

It prioritizes the interests of the policyholders.

d.

It doesn't have any significance in the industry.

Answer: (c).It prioritizes the interests of the policyholders. Explanation:The Code of Ethics in the insurance industry is important as it prioritizes the interests of the policyholders, ensuring that ethical behavior is maintained throughout the business.

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Q. What is the importance of the Code of Ethics in the insurance industry?

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