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Lynn, a member, is looking to expand her firm by working with some referral sources to recommend clients. Lynn has identified a particular local insurance
Lynn, a member, is looking to expand her firm by working with some referral sources to recommend clients. Lynn has identified a particular local insurance agent, Geoff, who is very willing to refer clients to Lynn. In turn, she will refer clients to Geoff for insurance services. There is no referral fee payment arrangement between them. In talking with Geoff about how he obtains clients, Lynn discovers that Geoff uses telemarketers whose script includes that statement that "Geoff is the best insurance agent in the state and anybody he refers to you is also the best in the state at what they do." What is Lynn's responsibility now that she knows what Geoff's telemarketers are asserting? Lynn has the responsibility to ascertain that Geoff's promotional efforts are within the bounds of the Rules of Conduct. Since Geoff is not bound by the Rules of Conduct, Lynn has no responsibility regarding the statements being made by Geoff's telemarketers and whether they are within the bounds of the Rules of Conduct. The telemarketers do not work for Lynn and she has no control over them. Thus she has no responsibility re- garding whether their statements are within the bounds of the Rules of Conduct. None of the above.
Lynn, a member, is looking to expand her firm by working with some referral sources to recommend clients. Lynn has identified a particular local insurance agent, Geoff, who is very willing to refer clients to Lynn. In turn, she will refer clients to Geoff for insurance services. There is no referral fee payment arrangement between them. In talking with Geoff about how he obtains clients, Lynn discovers that Geoff uses telemarketers whose script includes that statement that "Geoff is the best insurance agent in the state and anybody he refers to you is also the best in the state at what they do." What is Lynn's responsibility now that she knows what Geoff's telemarketers are asserting? Lynn has the responsibility to ascertain that Geoff's promotional efforts are within the bounds of the Rules of Conduct. Since Geoff is not bound by the Rules of Conduct, Lynn has no responsibility regarding the statements being made by Geoff's telemarketers and whether they are within the bounds of the Rules of Conduct. The telemarketers do not work for Lynn and she has no control over them. Thus she has no responsibility re- garding whether their statements are within the bounds of the Rules of Conduct. None of the above.
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