CIP Professional Ethics Exam case studies
CIP Professional Ethics Exam · Put your knowledge to work in context.
The Chartered Insurance Professional (CIP®) designation is described by the Insurance Institute of Canada as the ideal launchpad for people starting or building a career in property and casualty insurance, and the Institute reports that over 18,000 Chartered Insurance Professionals work in the P&C industry. The professional ethics component of the CIP program introduces candidates to ethical thinking and decision-making, the conduct expected of designates, and the practical application of integrity to insurance situations. The CIP Professional Ethics Exam case studies are 5 cases and about 2,759 words.
1The Vanishing Water Claim
Priya is a CIP handling a homeowner claim for burst-pipe water damage. Okafor, reports damage to hardwood flooring, baseboards, and a sectional sofa.
634 words, about 3 min2The Referral That Paid for Itself
Marcus is a CIP who also holds a life-insurance license. A long-standing client, the Alvarez family, asks him to review their commercial property policy.
524 words, about 3 min3The Pressure to Sign
Aisha is a newly designated CIP at a brokerage. Her manager, Robert, asks her to backdate a client's coverage confirmation by three days so the client's lender will accept a mortgage closing.
547 words, about 3 min4The Undisclosed Prior Loss
Daniel is a CIP reviewing a commercial general liability application for a small construction firm. Bianchi, mentions in passing that a worker was injured on a site two years ago and that the firm 'settled it quietly.' The application asks whether the firm has had any claims or incidents in the past five years, and Mr.
530 words, about 3 min5The Small Favor
Sofia is a CIP at a regional insurer. A claims manager, Tom, asks her to 'take a quick look' at a colleague's file and approve a $2,200 payment while the colleague is on leave.
524 words, about 3 min