Question: A producer has started having his clients make their checks for premium payments payable to the producer and not the insurer. The producer explains to

A producer has started having his clients make their checks for premium payments payable to the producer and not the insurer. The producer explains to his clients that he is required to submit premium payments to the insurer from his own checking account since he is the agent of record. Which of the following correctly describes this activity?This is unethical since it is commingling fundsThis is a common practice in the industryThis is acceptable as long as the producer earmarks the funds for premium paymentsThis is unethical only if the producer keeps the premium funds for his

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her own benefit

A producer has started having his clients make

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