An agent calls a proposed insured and explains a universal life policy is a savings account with investment potential for retirement. this is an example of violating:

ADVERTISING REGULATIONS              

Explanation:

Advertising as an industry may be subject to legal legislation, but it could not be forbidden because it is not inherently unsafe or a drain on resources per se. The right to indulge in any legal private enterprise or occupation protects the right to promote it, and it is an expensive asset right to promote one's goods and services.

Most states have passed laws that vary considerably regarding deceptive advertising. The Federal Trade Commission (FTC) Legislation, as well as the Lanham Act, are indeed the major federal laws regulating misleading advertising. Underneath the FTC Act, misleading advertising comprises advertising that makes portrayals that the ad company does not have reasonable grounds to assume, even if the portrayals are true.                            

It really just depends on what you choose to apply for.