In insurance transactions fiduciary responsibility means

Have you ever struggled to answer the question “In insurance transactions fiduciary responsibility means” in relation to the concept of Insurance? There’s no need to worry about it anymore. This post contains the correct answer to your question.

In insurance transactions fiduciary responsibility means

Options:

  • A. Being liable with respect to payment of claims
  • B. Commingling premiums with agent’s personal funds
  • C. Handling insurer funds in a trust capacity
  • D. Maintaining a good credit record

The Correct Answer Is:

  • C. Handling insurer funds in a trust capacity

Conclusion

The answer to your question “in insurance transactions fiduciary responsibility means” should now be clear for you. I appreciate you coming here to find the answer to your question and best wishes for your preparation related to various Insurance topics.

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