Which of the following basics is an agent's fiduciary responsibility?

Which of the following basics is an agent's fiduciary responsibility? 



a) Collecting premiums and paying them to the insurance company
b) Maintaining a separate bank account for each insurance company the agent represents
c) Acting as a referee in the event of a disagreement between an insured and the insurance company
d) Advising prospective insureds of the lowest rates available


Answer: a) Collecting premiums and paying them to the insurance company

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