What is the primary goal of fiduciary duty for agents?

The primary goal of fiduciary duty for agents is to protect the interests of the policyholder. This duty is rooted in the ethical and legal obligations agents have to act in the best interest of their clients. Agents are trusted to provide guidance, present accurate information about insurance products, and help clients make informed decisions based on their needs and circumstances. By prioritizing the policyholder's interests, agents build a trustworthy relationship, ensuring that clients receive appropriate coverage and support, which ultimately benefits both the client and the insurance company in the long term.

Fiduciary duty encompasses a commitment to honesty, loyalty, and transparency, further reinforcing the agent's role as a protector of the policyholder's welfare in the complexities of insurance transactions.