Canon 2 of the CPCU Code states CPCUs should do what with their professional knowledge?

• A. Retain knowledge to protect clients
• B. Maintain and continually improve knowledge, skills, and competence
• C. Only study accounting
• D. Avoid new standards

Answer: (B)

The idea being tested is that CPCUs should continuously develop their professional knowledge. Canon 2 expects CPCUs to maintain and continually improve their knowledge, skills, and competence, recognizing that the insurance field is dynamic with evolving standards, regulations, and best practices. This ongoing growth ensures advice and decisions stay accurate, ethical, and relevant to current industry practices. Retaining knowledge is good, but without continual improvement it can become outdated. Focusing only on accounting narrows the scope away from the broader risk and insurance context. Avoiding new standards would hinder competence. So, the statement that best fits Canon 2 is the one about maintaining and continually improving knowledge, skills, and competence.