Nguyên tắc bảo hiểm chungCâu 599 / 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
Giải thích
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.
Luyện miễn phí toàn bộ 716 câu hỏi — không cần đăng ký.
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Câu hỏi liên quan cùng chủ đề
- 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:
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Đội ngũ PrepPass · Đối chiếu với California Life & Health Insurance License Exam · Quy trình kiểm tra
Người kiểm duyệt John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — kiểm tra)