Which of the following responsibilities is NOT considered fiduciary?

The correct choice identifies the option that does not align with fiduciary responsibilities, which are obligations of trust and confidence typically existing between the insurance producer and the clients or insurers. Fiduciaries are expected to act in the best interests of their clients, ensuring honesty and transparency in transactions.

Holding premiums in trust signifies a fiduciary role as it involves managing client funds responsibly and safeguarding them until they're due to be transferred to the insurer. This is a classic example of fiduciary duty where the agent must handle the funds with care and integrity.

Distributing policy funds according to terms is another fiduciary responsibility. This involves ensuring that payouts are made in accordance with the policy's stipulations, emphasizing the agent's role in fulfilling their obligations honestly.

Collecting premiums on behalf of the insurer also falls under fiduciary duty. The agent must accurately collect and manage the funds, demonstrating trustworthiness in handling another party’s resources.

Providing false information to clients, however, breaches fiduciary duty. It undermines the trust that the relationship is built upon and represents a violation of the ethical and legal obligations insurance producers have towards their clients. Fuelling clients' misconceptions or misleading them can have significant repercussions, which is why this option is not considered a fiduciary responsibility.