The sales team at Local Insurance Company receives periodic training on insurance laws and regulations. Which one of the following statements is correct regarding what the sales team needs to realize?

Select one:

A$.$ Laws exist outside the scope of ethical decision making.

B$.$ Laws specify right and wrong behavior and are important to orderly behavior.

C$.$ Laws on their own are enough to dictate moral behavior.

D$.$ Regulatory control over the business of insurance is primarily intended to protect shareholders.