The requirement that agents not commingle insurance monies with their own funds is known as

A. Accepted accounting principal

B. Fiduciary responsibility

C. Premium accountability

D. Express authority

Answer: B. Fiduciary responsibility

Principles of Insurance and General Insurance

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In an insurance contract, the applicant's "consideration" is the
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The voluntary relinquishment of a legal right is called
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Life income joint and survivor settlement option guarantees
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