Final answer:
The part of the Insurance Industry Code of Ethics that is NOT included is the requirement that the insurance company should always be profitable, as an ethical code focuses on customer interests and accurate representation.
Step-by-step explanation:
The Insurance Industry Code of Ethics prioritizes the needs and interests of customers, aims to represent products and services accurately, and seeks to identify and recommend solutions that fulfill customer needs. However, there's no ethical obligation stating that the insurance company should always be profitable. Profitability, while important for the sustainability of any company, is not considered an ethical requirement in the insurance industry. This contrasts with the ethical imperative to place the customer's interest first and accurately represent products, which aligns with consumer protection and supporting client well-being.