Question

The Adjusters' Code of Ethics begins with the premise that:

(A) All adjusters are regulated by the Department of Insurance.
(B) Compliance with the Code is preferred but not mandatory.
(C) The work of adjusting engages the public trust.
(D) The adjusting profession is capable of regulating itself if all adjusters would simply follow this Code.

Answer 1

The Adjusters' Code of Ethics recognizes the public trust involved in adjusting work and emphasizes the importance of ethical guidelines. It does not state that all adjusters are regulated by the Department of Insurance or that compliance with the code is preferred but not mandatory. However, it suggests that the adjusting profession can regulate itself.

Step-by-step explanation:

The Adjusters' Code of Ethics begins with the premise that the work of adjusting engages the public trust. The code emphasizes the importance of adjusters following ethical guidelines in their profession. It does not state that all adjusters are regulated by the Department of Insurance or that compliance with the code is preferred but not mandatory. However, it suggests that the adjusting profession is capable of regulating itself if all adjusters would follow the code.