As an insurance broker, you are approached by a long-term client, Alex, who is in financial distress and requests a temporary reduction in their premium payments. Although empathetic, you are aware of the legal and ethical guidelines surrounding premium handling according to RIBO regulations. How should you ethically handle this request while maintaining your integrity and trust with Alex?Offer to personally cover Alex's payments until their financial situation improves. Recommend a financing company that specializes in insurance premium loans.- Modify the official records to reflect a lower premium without informing the insurance provider.Assure Alex you will find a way around the regulations to help them retain their coverage.