GK
INSURANCE AWARENESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A person who holds something in trust for another is known as____
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Pure Risk
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Fiduciary
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Affinity sales
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Annuitization
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Explanation:
Detailed explanation-1: -What Is a Fiduciary? A fiduciary is a person or organization that acts on behalf of another person or persons, putting their clients’ interests ahead of their own, with a duty to preserve good faith and trust. Being a fiduciary thus requires being bound both legally and ethically to act in the other’s best interests.
Detailed explanation-2: -Any person who has an obligation to act in the best interest of another person or persons is considered a fiduciary. A fiduciary can be a lawyer representing a client, a trustee and a beneficiary, a corporate board and shareholders, and even employees and a company.
Detailed explanation-3: -curator. depositary. guardian. trustee.
There is 1 question to complete.