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

Popular posts from this blog

Jim has been arrested for drunk driving. In order to be allowed out of jail before his court date, Jim will most likely need:

James is the insured on a life insurance policy where his age was misstated on the application. Which of the following is CORRECT regarding the death benefit amount?