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Which of the following is an example of an agent's fiduciary responsibilities?

a. Promptly forwarding premiums to the insurance company
b. Helping clients to file claims
c. Performing a review of the agent's client's coverage
d. Offering additional coverage to his client

1 Answer

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Final answer:

An insurance agent's fiduciary responsibilities include promptly forwarding premiums, helping clients file claims, and reviewing clients' coverage.

Step-by-step explanation:

The fiduciary responsibility of an insurance agent refers to their legal and ethical obligation to act in their clients' best interest. Among the options provided, three examples of an agent's fiduciary responsibilities include:

Promptly forwarding premiums to the insurance company: This involves collecting the premiums from clients and ensuring they are sent to the insurance company within the agreed-upon timeframe.

Helping clients to file claims: Agents assist clients in understanding the claim process, completing necessary paperwork, and ensuring they receive the benefits they are entitled to.

Performing a review of the agent's client's coverage: Agents regularly review their clients' coverage to ensure it aligns with their needs and recommend any necessary adjustments or additional coverage.

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