Brigitte is a commercial lines producer and a CPCU. She works at the second largest insurance brokerage in the area. The largest brokerage has an agency agreement with ABC Insurance, a carrier that Brigitte's employer does not represent. Brigitte has heard unconfirmed rumors that ABC Insurance is slow to pay claims and provides poor service in terms of loss control. When Brigitte visits one of her larger accounts to discuss the client's upcoming renewal, the client advises Brigitte that he has received a quote from her competitor, ABC, and that it is significantly lower than what the client is currently paying. Brigitte quickly tells the client that ABC has a poor reputation within the industry for bad service and slow payment of claims. The client thanks Brigitte, and renews the policy. Required:
What best describes the application of Canon 7 of the Code of Professional Conduct as it relates to improving the public understanding of insurance?

Profits from using currency options and futures.on july 2, the two-month futures rate of the mexican peso contained a 2 percent discount (unannualized). there was a call option on pesos with an exercise price that was equal to the spot rate. there was also a put option on pesos with an exercise price equal to the spot rate. the premium on each of these options was 3 percent of the spot rate at that time. on september 2, the option expired. go to the oanda.com website (or any site that has foreign exchange rate quotations) and determine the direct quote of the mexican peso. you exercised the option on this date if it was feasible to do so. a. what was your net profit per unit if you had purchased the call option? b. what was your net profit per unit if you had purchased the put option? c. what was your net profit per unit if you had purchased a futures contract on july 2 that had a settlement date of september 2? d. what was your net profit per unit if you sold a futures contract on july 2 that had a settlement date of september 2