Final answer:
Ethics for an insurance producer in building a better society involve conducting business with honesty, integrity, and fairness, while also implementing measures to reduce moral hazard.
Step-by-step explanation:
For an insurance producer, ethics for a 'better society' can be described as conducting business with honesty, integrity, and fairness.
This means providing accurate information to customers, making sure insurance policies are suitable for their needs, and treating all customers fairly. Insurance companies also have ways of reducing moral hazard, such as implementing investigations to prevent fraud and monitoring certain behaviors. By following ethical practices, insurance producers contribute to building a trustworthy insurance industry and ultimately a better society.