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What is apparent authority in insurance?

Asked By: Reyansh Sahota

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B.E. IT Engineering, MET's Bhujbal Knowledge City Sports Retail Agile Financial Reporting Dallas United States

Apparent authority is the appearance of power on behalf of the insurer through the actions or use of identifying materials by the agent, such as company advertising material. This type of authority occurs when a principal permits an agent to act on its behalf without either expressed or implied authority.


Masters in Structural Engineering Journal Entries Underwriting Tulsa United States

How Implied Authority Works. Implied authority is an authority that is not express or written into a contract, but it is authority an agent is assumed to


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In the context of insurance, apparent authority often comes into play if a person is given an insurance quote by someone who does not have the


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