Ask An Insurance Pro - Question and Answers
Answers to your Insurance Questions - Ask Your Question
Life Insurance Question from Fremont, California
Asked on 6/20/2019. This question has received 30 views.
Do insurance agents have moral, ethical, AND fiduciary duties to their customers? Or is it ONLY fiduciary duties? Or is it ALL of the above? This question was on an insurance test I was administered a few months ago. I am still unsure of the correct answer. Basically, the question asked what duty or duties the insurance agent had to their customer, with the choices being A) Moral B) Ethical C) Fiduciary D) All of the Above.
Answer given on June 24, 2019
contact the Dept of Insurance about this
NOTE: The IMPORTANT NOTICE below is a part of this answer!
|« Return to Question List||View More California Questions »|
|« View More Life Insurance Questions||View More California Life Questions »|
IMPORTANT NOTICE: These answers are for general information purposes only and are provided by the person answering and FreeAdvice.com AS IS. It has not necessarily been reviewed by the management staff of FreeAdvice.com nor is it binding any insurance agent, broker, or other insurance professional or any attorney or insurance company. Insurance laws, regulations and practices vary from state to state and insurance policies and practices differ from company to company, by type of policy, by state and locality and by type of insurance. Tiny variations in the facts, policy language or a detail not set forth in a question often can change the outcome or a professional's conclusion. Although FreeAdvice.com has confirmed that the answer(s) was/were provided for the account of an experienced insurance professional, that professional may not be licensed in the state referred to in the question, and may not be experienced or up to date in the subject area. Unlike the answers provided here, upon which you should NOT rely, for personal advice you can rely upon we suggest you consult a licensed insurance professional in your area or retain a licensed attorney listed on AttorneyPages.com to represent you.