Assignment:
Answer the following questions, which require you to think critically about the legal principle that you learn in this chapter.
1. Licensing of Professionals Does the licensing of professionals guard against negligence? Advance arguments for and against.
2. Malpractice Insurance Does having malpractice insurance lessen the care taken by professionals?
3. Malpractice Insurance Because most professionals carry liability insur-ance, what is the role of the insurance industry in promoting the competence of professionals?
4. Churning Where should the line be drawn between a reasonable number of securi¬ties transactions and churning?
5. A Question of Ethics The purchase of life insurance often involves the client choosing between whole life insurance, which includes a savings feature, and term insurance, which provides only protection. The sales commission also vanes depending on the type of policy. Is it ethical for an insurance company to base the agent's commission on the type of policy sold, regardless of the buyer's needs?