General Insurance PrinciplesCâu 184 / 474
An agent whose appointment has ended keeps the insurer's sign in his window and writes a policy for a customer who knows nothing of it. Coverage may still exist under:
a.apparent authority, created by how the insurer let things look
b.express authority, as spelled out in the written agency contract
c.implied authority, needed to carry out that express authority fully
d.assumed authority, taken on by the agent without any basis
Giải thích
Apparent authority arises from the principal's own conduct: leaving signage, forms and supplies in place lets a reasonable customer believe the agent still speaks for the insurer. Express authority is what the agency contract states in writing, and implied authority covers the incidental acts needed to exercise it, such as maintaining an office. Neither describes authority the insurer allowed to appear after ending the appointment.
Luyện miễn phí toàn bộ 474 câu hỏi — không cần đăng ký.
Own the complete Personal Lines Insurance Producer guide — PDF + EPUB, $19.99 →
Câu hỏi liên quan cùng chủ đề
- A five-year-old laptop is destroyed by a covered fire. It would cost $1,200 to replace and its actual cash value is $700. Under an actual cash value policy with a $250 deductible, the insurer pays:
- Before her insurer paid the claim, an insured signed a paper releasing the neighbor whose burning trash spread to her garage. The likely result is:
- An adjuster writes to an insured that a late proof of loss will not be a problem, and the insured relies on that. The insurer is likely barred from denying on that ground by:
- When coverage is placed by a broker rather than by an appointed agent, the broker legally represents:
- A producer collects a client's premium and parks it in his personal checking account for two weeks before forwarding it. This violates:
- A producer binds homeowners coverage on Monday and the insurer declines the application on Friday. During those days the applicant was:
Cập nhật gần nhất: · quy trình kiểm tra
Đội ngũ PrepPass · Đối chiếu với California Personal Lines Insurance License Exam · Quy trình kiểm tra