Answered

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A producer was found guilty of violating regulations, and the Commissioner has issued a cease and desist order. Which of the following is true regarding the producer's liabilities to his clients?

A. The producer still has to fulfill his liabilities to the client.
B. The producer will be relieved from all of his license obligations and liabilities.
C. The company will take over the producer's liabilities.
D. The producer's liabilities will be transferred to the Commissioner.

Sagot :

GinnyAnswer

Final answer:

When a producer violates regulations and a cease and desist order is issued, the producer is still liable to fulfill obligations to clients.


Explanation:

When a producer is found guilty of violating regulations and a cease and desist order is issued by the Commissioner, the producer is still liable to fulfill obligations to the clients. The producer remains responsible for their actions and commitments despite the legal consequences. It is not the company's responsibility to take over the producer's liabilities, nor are the liabilities transferred to the Commissioner.


Learn more about Producer's liabilities to clients here:

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