Which of the following situations would create a possible errors and omissions liability to the producer?
A) The producer fails to return phone calls from the client.
B) The producer informs the insurer that he has serious doubts about the applicant's insurability.
C) During the sale of a replacement health policy, the producer tells an applicant that the new policy will cover expenses ordinarily paid by Medicare.
D) The producer fails to inform the client that her policy is being canceled at the end of the year."
Ans: C) During the sale of a replacement health policy, the producer tells an applicant that the new policy will cover expenses ordinarily paid by Medicare.
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Which of the following statements describes a major advantage of having a clearly defined mission?
A. A clearly defined mission prevents interdepartmental conflict B. A clearly defined mission helps management evaluate available market opportunities and avoid those that are inconsistent C. Market planning and implementation can be done easily with a clearly defined mission D. A clearly defined mission eliminates the need for specific functional objectives E. A clearly defined mission defines the company's competitive advantage in terms of product and/or service
Eye shadow and other facial makeup products are examples of cosmetics that are beyond the scope of FDA regulation
Indicate whether the statement is true or false