On aug. 6, d submitted an application for a $50,000 life insurance policy and did not pay the initial premium. on aug. 18, d went to his doctor complaining of chest pains and some tests were given by the doctor. the life policy was delivered by the producer on aug. 20 and d explains what had recently taken place with the doctor. what action should the producer then take? a- collect initial premiumb- collect initial premium along with a signed health statementc- explain to the applicant the policy is no longer in effect due to change in health conditiond- collect initial premium and leave a binding receipt

Cosmetic profits. sally is the executive vice president of big name cosmetics company. through important and material, nonpublic information, she learns that the company is soon going to purchase a smaller chain of stores. it is expected that stock in big name cosmetics will rise dramatically at that point. sally immediately buys a number of shares of her company's stock. she also tells her friend alice about the expected purchase of stores. alice wanted to purchase stock in the company but lacked the funds with which to do so. although she did not have the funds in bank a, alice decided to draw a check on bank a and deposit the check in bank b and then proceed to write a check on bank b to cover the purchase of the stock. she hoped that she would have sufficient funds to deposit before the check was presented for payment. of which of the following offenses, if any, is alice guilty of by buying stock?