Ethics | Regulators | Professionalism | Insurance Talk | Privacy |
---|---|---|---|---|
What is morals
A widely-shared communal or societal norms about right or wrong.
|
What is Personal Information Protection and Electronic Documents Act (PIPEDA)
This federal statue governs the collection, use, retention, and disclosure of personal information.
|
What is active listening
A part of communication that develops rapport with clients and assists in building a relationship with them
|
What is utmost good faith
The legal principal calling for the highest standards of integrity on the part of the insured and the insurer
|
What is Safeguards
Personal Information must be protected by appropriate security relative to the sensitivity of the information is one of these ten Fair Information Principles
|
What is Code of Ethics
The minimum standards and expectations from insurance industry members.
|
What is the Canadian Anti-Spam Legislation (CASL)
This legislation applies to all electronic messages that organizations send in connection with commercial activity.
|
What is negligence
Failing to use the degree of care expected from a reasonable person
|
What is fiduciary duty
A responsibility an agent carries out to act primarily for the benefit of his or her principal and to deal fairly
|
What is Accountability
Organization must appoint someone to be accountable for its compliance (OSFI) is one of these ten Fair Information Principles
|
What is the Platinum Rule
Do unto others as they would want to be done to them.
|
What is the Office of the Superintendent of Financial Institutions (OSFI)
Annie, SQ1's compliance officer, must be filed with this federally regulated body.
|
What is Errors and Omissions (E&O) insurance
A form of protection for an insured committing mistakes in the performance of their professional duties.
|
What is transparency
Full disclosure that we provide to our customers to make an informed decision
|
What is Quebec's provincial privacy laws
Act Respecting Access to Documents Held by Public Bodies and the Protection of Personal Information & Act Respecting the Protection of Personal Information in the Private Sector
|
What is personal biases
These core beliefs, perspectives, values, and motivations defines what influences our behaviors.
|
What is Freedom of Information and Protection of Privacy Act (FIPPA)
Each province has their own version similar to PIPEDA, this is what BC and Ontario call their provincial privacy law
|
What is asking effective questions
Open ended questions or probing questions that lets client talk openly
|
What is a fiduciary
A person entrusted for the benefit of another, holding greater legal obligation that others.
|
What is Personal Information
Credit scores, bank account numbers, addresses, and birthdates make up a part of this term that agents protect for their clients
|
What is Square One's guiding principles
Treat people the right way
Take ownership & solve problems Be creative & take calculated risks |
What are the 10 Fair Information Principles
Safeguards, accountability, consent, and accuracy are all part of what privacy guideline
|
What is a precedent
A legal decision that serves as a basis to resolve subsequent disputes in similar cases
|
What is express consent
Granting permission for someone to carry out legal actions verbally or in writing
|
What is Breach of Privacy
An agent accessed an insurer's database to spy on his ex-girlfriend is an example of what.
|