What is the CPCU’s position on personal gain from insider information?

The position of the CPCU on personal gain from insider information emphasizes the importance of ethical standards in maintaining the integrity of the insurance profession. Engaging in activities that utilize insider information for personal gain is viewed as unethical and is strictly prohibited. This stance is rooted in the commitment to transparency, fairness, and trustworthiness, which are essential attributes in the insurance industry.

Using insider information undermines the principle of a level playing field where all market participants have equal access to information relevant to decision-making. Therefore, the CPCU enforces strict rules against such behavior to protect the interests of clients, the insurer, and the public. Upholding ethical standards is crucial in fostering trust and safeguarding the reputation of the insurance profession as a whole. This commitment to ethics reinforces the duty of CPCU professionals to act with integrity and to avoid any actions that could be perceived as self-serving or damaging to the industry's credibility.