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When a producer collects money from a prospective insured, where should the money be placed?
A) in his own bank account
B) In a premium trust account
C) In a joint agency account
D) In a Separate Account
Answer: B) in a premium trust account
The above question When a producer collects money from a prospective insured, where should the money be placed?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.
