Practice Test Geeks(ACE) ACORD Certified Expert Practice Test
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Regulatory Compliance & Law Flashcards

6 cards from real ACE practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 6 Regulatory Compliance & Law flashcards as text

  1. What is the foundation of professional ethics in ACORD Certified Expert?

    Answer: Acting with integrity, honesty, and accountability

    Professional ethics are built on integrity, honesty, and accountability.

  2. In ACORD Certified Expert, what should a professional do when facing a conflict of interest?

    Answer: Disclose the conflict and recuse if necessary

    Disclosing conflicts maintains transparency and trust.

  3. Which best describes confidentiality in ACORD Certified Expert?

    Answer: Protecting sensitive information from unauthorized disclosure

    Confidentiality involves protecting sensitive information and sharing only with authorized parties.

  4. What is the role of a code of conduct in ACORD Certified Expert?

    Answer: It establishes expected behavioral and professional standards

    A code of conduct sets clear expectations for professional behavior.

  5. When a ACORD Certified Expert professional discovers a regulatory violation, what is appropriate?

    Answer: Report it through proper channels immediately

    Violations must be reported through proper channels to prevent harm.

  6. What does informed consent require in ACORD Certified Expert?

    Answer: Full disclosure of relevant information before obtaining agreement

    Informed consent requires all relevant information be provided for a knowledgeable decision.