Principios Generales de SegurosPregunta 364 de 716
A producer who collects and holds premium money on behalf of the insurer occupies a position described as:
a.Aleatory
b.Fiduciary
c.Contingent
d.Subrogated
Explicación
A fiduciary is a person who holds a position of financial trust; a producer handling premiums must keep those funds separate and account for them properly rather than treating them as personal money. Aleatory describes the chance-based exchange in a contract. Contingent means dependent on a future event. Subrogated refers to an insurer stepping into an insured's rights to recover from a third party. Breaching a fiduciary duty, such as by commingling funds, can lead to license discipline.
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Preguntas relacionadas de este tema
- The powers a producer is specifically granted in the written agency agreement with the insurer are called:
- Persuading a policyowner to drop an existing policy and replace it by using misleading or incomplete comparisons is the unfair trade practice known as:
- Offering a prospective buyer part of the commission or another inducement not specified in the policy in order to make a sale is called:
- The principle of indemnity, which limits recovery to the actual amount of a loss, generally does NOT apply to life insurance because a life policy is:
- A stranger-originated life insurance (STOLI) arrangement is prohibited primarily because:
- Which relationship most clearly satisfies insurable interest for a life insurance policy?
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Revisado por John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — verificar)