Q1. In Mississippi, what is the producer's fiduciary duty when handling client funds for premiums and commissions?

• ○Hold client funds in a separate trust or escrow account and avoid commingling with personal funds.
• ○Deposit all client funds into the producer’s personal business account for convenience.
• ○Use client funds to cover any business expenses before forwarding premiums.
• ○Hold client funds indefinitely until the client requests disbursement.