Lack of privacy, fear of credit card security, and inability to examine merchandise prior to purchase are major impediments to Web-based sales

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."

Once a product has gone through initial development and testing, and after a business analysis indicates there is financial merit to the idea, an initial design or prototype is developed

Indicate whether the statement is true or false