When you receive clients’ money, which of the following is a true statement?

Insurance

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When you receive clients’ money, which of the following is a true statement?

a. You are allowed to put the money in our personal account

b. You are allowed to put the money in your business account

c. Commingling is permissible

d. The funds must be kept separate from all other funds, deposited in a fiduciary account

Answer: d. The funds must be kept separate from all other funds, deposited in a fiduciary account

The above question When you receive clients’ money, which of the following is a true statement?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.