保险基本原理第 600 / 716 题
Commingling, a violation of a producer's fiduciary duty, means:
a.Refunding an unearned premium to the client promptly and keeping careful records of the entire transaction
b.Mixing premium funds held in a fiduciary capacity with personal funds — never permitted
c.Accurately explaining a policy to a client
d.Keeping client premium funds carefully separated
解析
Commingling is improperly blending fiduciary funds (premiums) with personal or business money. Under California Insurance Code §1733 premiums are received and held in a fiduciary capacity, and a licensee who diverts them to his own use is guilty of theft; §1734 requires the licensee either to remit them or to keep them in a trust account. Keeping funds separate, explaining coverage, and refunding unearned premium are proper conduct.
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同考点相关题目
- 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:
- 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:
- 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:
- Replacement regulations exist primarily to:
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审核人 John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — 核实)