As an administrator, when you hold clients’ money, funds must be remitted to the person entitled to the funds or deposited to a fiduciary account within how many days of receipt?

Insurance

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As an administrator, when you hold clients’ money, funds must be remitted to the person entitled to the funds or deposited to a fiduciary account within how many days of receipt?

a. 10

b. 15

c. 30

d. 31

Answer: b. 15

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