Insurance Term
Fiduciary
A person in a position of special trust and confidence, such as an agent handling premiums.
What does Fiduciary mean in insurance?
Agents have a fiduciary duty to both the insurer and the insured to handle funds ethically.
Related insurance terms
Premium Study Material
Don't just memorize terms.
Master the exam.
Get access to 650+ exam-like questions, detailed explanations, and specific state law-supplements for your state.
Pass Guarantee
State-Specific Content
Unlimited Practice Tests
Instant Feedback
Practice QuestionEasy
Which of the following best describes the concept of Fiduciary?
Start Practicing →