A producer who receives life insurance premiums holds the money in trust as

A) a fiduciary
B) a broker
C) a banker
D) an investor

Answer: A) a fiduciary

Business

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COCOMO stands for ________

A) Constructive Coordination Model B) Constructive Cost Model C) Collective Cost Model D) Constructive Correction Model

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Marta has an extensive securities portfolio and has been working with the same full-service broker for over ten years. Based on this relationship, what type of security orders would Marta place?

A) discretionary order B) secured order C) limit order D) market order E) indexed order

Business