Insurance 101 – Chapter 5 – Volume 51 – Who Is a Fiduciary – 2?

Who Is a Fiduciary – 2?

In Kansas, selling of insurance implies not only a fiduciary responsibility from the agent, but also one from the company. The company, by appointing an agent to represent it, has accepted the fiduciary responsibility of the agent, and no contract between the company and the agent can abrogate the company’s responsibility to the insured.

The following video was adapted from my book, “Insurance Claims A Comprehensive Guide” Published by the National Underwriter Company and is available at the Zalma Insurance Claims Library

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The author and publisher disclaim any liability, loss, or risk incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this blog. The information provided is not a substitute for the advice of a competent insurance, legal, or other professional. The Information provided at this site should not be relied on as legal advice. Legal advice cannot be given without full consideration of all relevant information relating to an individual situation.

 

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