Is it Important to have an Ethics Oath?

Mon, 10/28/2013 - 12:07
by Michael B. Weinberg, CPCU J.D

10/01/2011

It happens at events year after year, including the CPCU Society Annual Meeting and Seminars, chapter conferment exercises, and chapter meetings. At a certain point, an officer asks that all CPCUs rise, raise their right hand and affirm publicly their professional commitment: "As a Chartered Property Casualty Underwriter: I shall strive at all times to live by the highest standards of professional conduct; ... " As all CPCUs know, this is the beginning of our oath, known to us as The CPCU Professional Commitment.

The CPCU Professional Commitment emphasizes the importance of ethics to the CPCU Society and its members. Ethics has always been part of the CPCU movement. The very first CPCU graduating class in 1943 recited what was then called the CPCU Charge. But for minor changes, the Charge became The Professional Commitment.

The Professional Commitment is an important aspect of being a CPCU. The medical profession has its Hippocratic Oath, which doctors have adhered to for many years. Recent developments in the business world caused certain educational institutions to develop or consider an MBA oath. There have also been writings about corporate ethics oaths to which all employees must adhere.

See below for the entire article.



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