Think of a situation where you had to make a decision and ethical values were at stake.  

a. What were the values?  

b. What decision did you make?  

c. What values did you maximize in your decision?  

d. What values did you minimize?  

e. If confronted with the same situation now, would you make the same decision?

2. The insurance industry is regulated in each state by an insurance commissioner.  

In many states there is a cozy relationship between insurance regulators and the  

business they regulate.24 The Center for Public Integrity, a nonprofit, nonpartisan  

investigative media organization, found for example, that many regulators have accepted thousands of dollars in trips to conferences that are sponsored by insurance  

companies. The National Institute on Money in State Politics found that insurance  

companies and their employees were among the top donors to commissioner candidates in the several states that elect regulators.  

a. Who wins and who loses when the industry being regulated by a state official  

provides gifts and financial benefits to the state official?

b. Why are conflicts of interest problematic?