Q5 Sariq collects premiums from his clients on a Friday and is unable to get to the financial centre to submit the funds. He keeps the money separately from his own in his car with the intention to submit it first thing the following Monday morning. Over the weekend, he goes on a trip with his family and has trouble with his car. He needs to use the money he collected on Friday to fix his car, but has enough money in his own bank account to cover his clients' premiums, which he will do on Monday before work. Has Sariq acted ethically? A) Yes. Sariq is replacing the premiums on Monday with his own money and so there will be no issue since the premiums will be paid in full. QB No. The clients trust. Sariq and he should not use premium money for his own personal needs. C) No. Sariq needed to first contact his clients to gain permission before using the premium money for his own personal use. Yes. As long as Sariq acts in the interests of his clients and himself, there is not an issue. aves