Principios Generales de SegurosPregunta 599 de 716
A producer who holds premiums collected from clients before remitting them to the insurer is acting in a ________ capacity and must not commingle those funds:
a.fiduciary
b.adversarial
c.purely clerical
d.competitive
Explicación
Handling other people's money creates a fiduciary duty, requiring the producer to keep those funds separate and remit them properly. The relationship is not adversarial, competitive, or merely clerical.
Practica las 716 preguntas gratis — sin registro.
Own the complete California Life & Health Insurance Producer Exam guide — PDF + EPUB, $19.99 →
Preguntas relacionadas de este tema
- Churning differs from twisting in that churning involves:
- Making false or maliciously critical statements about another insurer's financial condition is the prohibited practice of:
- Requiring a borrower to buy insurance from a particular agent as a condition of receiving a loan is an example of:
- Commingling, a violation of a producer's fiduciary duty, means:
- Errors and omissions (E&O) insurance protects a producer against:
- In insurance, a 'replacement' occurs when a new policy is purchased and an existing policy is:
Última revisión: · proceso editorial
Equipo de PrepPass · Verificado con California Life & Health Insurance License Exam · Cómo revisamos
Revisado por John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — verificar)