Question: Ed is a captive agent contracted with Big Insurer whose contract requires him to sell only Big Insurer products. Ed's client is interested in purchasing

Ed is a captive agent contracted with Big Insurer whose contract requires him to sell only Big Insurer products. Ed's client is interested in purchasing an annuity product. Although Ed knows his company's annuity product is inferior to competing annuity products, he complies with his contract's requirements and sells the client Big Insurer's annuity. Which of the following statements is correct?

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