Pertaining to insurance, what is the definition of a fiduciary responsibility?

Pertaining to insurance, what is the definition of a fiduciary responsibility?


A. Offering additional coverage to clients

B. Promptly forwarding premiums to the insurance company

C. Helping insureds to file claims

D. Performing reviews of insured's coverage


Answer: B. Promptly forwarding premiums to the insurance company

Comments

Popular posts from this blog

Give the von Neumann-Morgenstern utility function.

Life income joint and survivor settlement option guarantees