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Free Alaska Alaska P&C Law & Ethics Practice Test
Question 1 of 10
Alaska P&C Law & Ethics
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When an Alaska insurance producer collects premium funds from an insured, how must those funds be maintained?
A
Deposited directly into the producer's personal checking account
B
Commingled with general agency operating funds to pay utility bills
C
Invested in high-risk corporate stocks until needed
D
Held in a fiduciary capacity in an identifiable premium trust account, with commingling strictly prohibited
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