Question 9006 of 287 · Texas Life, Accident and Health Agent Exam
An agent who deposits a client's premium in a personal account has committed
Exactly one answer is correct.
You got of questions right. Here on the question pages nobody remembers which ones you got wrong. The trainer saves your progress and asks the mistakes again until they stick.
Or free: the 10 questions most people get wrong
Show solution
Correct answer to question 9006
- A: commingling, which is a violation of Texas law
Explanation
Premiums are held in a fiduciary capacity and must be kept separate and sent to the insurer. Misuse can lead to license revocation.
More questions: Accident and Health: Field Underwriting Procedures
- 9007When delivering a policy, the agent should explain
- 9008If the policy issued differs from the one applied for (for example, with a rating or exclusion), the agent should
- 9009Replacing an existing health policy with a new policy without regard to the client's interests is
- 9010Twisting is
- 9011Churning is
- 9012An applicant misstates a medical condition and the agent knows the answer is false but submits the application anyway. This could result in