An Insurance Agent Who Receives a Check Payable to the Agent

question 4

True/False

An insurance agent who receives a check payable to the agent when the item was actually intended as payment to the insurance company is required to make good on the check if it is later dishonored.

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Definitions:

Continuous Learning

The ongoing pursuit of knowledge and skills to improve one's competencies, adapt to changes, and foster personal and professional growth.

Strategic Thinking

The process of analyzing critical factors and variables that will affect the long-term success of a business, policy, or project and setting long-term goals.

Corporate Secretary

An executive officer responsible for overseeing administrative functions and ensuring compliance with statutory and regulatory requirements.

Corporate Clerk

A corporate officer responsible for maintaining the records and administrating the daily operations of a corporation.