Wallace is an insurance company executive and a CPCU. He is also an active member of a political party. When that party comes to power in Wallace's home state, he is appointed to serve on the state's insurance commission. He resigns his position with the insurance company and accepts the insurance commission appointment. Which one of the following statements best describes how Canon 4 of the Code of Professional Ethics regarding improving insurance mechanisms applies to this situation?

Select one:

A. Wallace is in compliance with Canon 4 as long as he avoids any action that may lead to the appearance of a conflict of interest.

B. Wallace is complying with Canon 4 by accepting a position that will allow him to improve the insurance mechanism.

C. Wallace is not in compliance with Canon 4 because he has accepted a political appointment, which provides for personal gain at the expense of the public.

D. Wallace is in violation of Canon 4, which prohibits CPCUs from serving in the public sector.