Under fiduciary duty, who is responsible for providing accurate and complete policy information to the client?

• A. The client
• B. The insurer
• C. The agent
• D. The regulator

Answer: (C)

In fiduciary terms, the person selling and presenting the policy to the client is the one who must provide accurate and complete information. The agent acts as the client’s trusted representative in the purchase process, so they have an obligation to disclose all material facts about the policy—what’s covered, the limits, exclusions, riders, premiums, and any conditions—plus explain how the policy fits the client’s needs. This duty also includes avoiding misrepresentation and sharing any conflicts of interest, so the client can make an informed decision. The insurer provides the product and must meet regulatory requirements, and the regulator enforces compliance, but the responsibility to give thorough, truthful policy information during the sale sits with the agent.