For the past 10 years, Tony was an agent for Its a Wonderful Life Insurance Company. While his career started out strong, Tony got involved in some transactions involving cash that violated his companys ethical policies, and they terminated him as an agent last month, but did not notify Tonys clients of his termination, and have not yet collected company forms and logos from Tony. Last week, Christopher, a long-time client of Tonys, purchased a new Its a Wonderful Life life insurance policy from Tony to cover the costs of his newborn childs college education. The policy binder indicated that the insurance was in force as soon as Christopher signed the application and paid the premium (since Christopher was a long-time customer of Tony and the Insurance Company). Which of the following statements is correct?

Group of answer choices

The life insurance policy is not in force because Tony was no longer an agent of Its a Wonderful Life Insurance Company.

The policy is in effect because Tony had the apparent authority to issue the policy.

The policy is in effect because Tony had the implied authority to issue the policy.

The policy is in effect because Tony had the express authority to issue the policy.