The commercial property underwriting guidelines at Commercial Insurance Ltd. (CIL) state that rooming houses with more than
Question:
The commercial property underwriting guidelines at Commercial Insurance Ltd. (CIL) state that rooming houses with more than six rooms for rent are not acceptable for insurance. Lachlan, an agent, has a client that is a nonprofit corporation providing affordable housing and social services to low-income people. It is partially funded through proceeds from thrift stores that it owns. It presently insures four apartment buildings, a fleet of automobiles, and six retail outlets with CIL.
The client has purchased two rooming houses and requests commercial property coverage for both of them. One rooming house has six rooms to rent and one has eight rooms to rent. Because of the charitable purposes of the client, Lachlan feels the insurer should provide coverage for both rooming houses. This is an example of which one of the following ethical dilemmas?
Select one:
A. Justice versus mercy
B. Truth versus loyalty
C. Individual versus community
D. Long-term versus short-term
Luke is new to the insurance business but desires to be an insurance professional. Luke is facing an ethical dilemma. He seeks advice from four co-workers. Of the following suggestions from Luke's co-workers, which one is the best approach for solving his ethical dilemma?
Select one:
A. Select the ethical solution that gives you the best ability to avoid getting in trouble yourself.
B. Choose the solution that is most likely to avoid a lawsuit brought against you by a relevant stakeholder.
C. Identify the stakeholders, why they did what they did, and the relevant ethical issues.
D. After looking at who will be affected by your decision, pick the solution that benefits the stakeholders you like the most
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill