Exam term
Fiduciary capacity
The trust relationship under which a producer holds premiums, return premiums, and claim money that belong to the insurer or consumer, not to the producer.
Lessons that use this term
- Collecting the initial premium and issuing the receipt Florida
- Initial premium collection and receipt consequences Florida
- Agent responsibilities: fiduciary capacity, compensation, and ethics Florida
- New York producer licensing: process, definitions, and license types (Ins. Law 2101-2109, 2136) New York
- New York license maintenance, continuing education, and disciplinary actions (Ins. Law 2103, 2110, 2127, 2132, 2134) New York
- New York licensee regulation: controlled business, commissions, fiduciary duty, records, and compensation transparency (Reg 194) New York
- The law of agency: the insurer as principal and express, implied, and apparent authority New York
- Collecting the initial premium and issuing the receipt New York
- Unfair trade practices II: rebating, fraud, boycott, commingling, and unfair discrimination Texas
- Agent duties and commission sharing Texas