What does the CPCU Code say about disclosure of compensation in professional services?

The CPCU Code emphasizes the importance of transparency and integrity in professional conduct, particularly regarding disclosure of compensation. Members are required to disclose all sources of compensation to preempt any potential conflicts of interest that could influence their judgment or actions. This disclosure fosters trust and confidence between professionals and their clients by ensuring that clients are fully informed about any affiliations or financial incentives that might affect the recommendations or services provided.

By mandating full disclosure, the CPCU Code helps uphold the highest ethical standards and professionalism within the industry. It recognizes that full transparency is vital in maintaining the credibility of the relationship between a member and their clients, allowing clients to make informed decisions based on a comprehensive understanding of any interests that may impact the advice or services offered.