Which of the following basics is an agent’s fiduciary responsibility?

Insurance

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Which of the following basics is an agent’s fiduciary responsibility?

Options

a) Collecting premiums and paying them to the insurance company
b) Maintaining a separate bank account for each insurance company the agent represents
c) Acting as a referee in the event of a disagreement between an insured and the insurance company
d) Advising prospective insureds of the lowest rates available

Answer: a) Collecting premiums and paying them to the insurance company

The above question Which of the following basics is an agent’s fiduciary responsibility?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.