3 years ago

Legally speaking, a producer has a __________ duty when handling life insurance premiums and applications for an insurer.

Social Studies

1 answer:

alekssr [168]3 years ago

7 0

Answer:

The Correct answer is B.

Explanation:

A Producer in an Insurance Company is a Consultant to members of the public in need of Insurance. A Producer is a professional Insurer/Agent who goes to markets and brokers to trade for the insured.

One of the duties of a producer is to ensure that he acts in fiduciary when handling premiums and applications for the insured. Other duties include; to monitor the increase in sales on behalf of existing clients, a Producer should be innovative by bring up new strategies to improve its clientele etc.

Fiduciary mean to " act in good faith". A Producer should always act in good faith by representing the interest of the insured at all times and to carefully monitor insurance policies.

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