A producer exceeds the powers actually granted by the insurer, but a reasonable applicant believes the producer is acting for the insurer. The producer is exercising:

解析

Apparent (ostensible) authority arises when an insurer's actions lead a reasonable third party to believe the producer has authority, even if the producer's actual authority does not extend that far; the insurer can be bound by it. Express authority is what is specifically written in the agency contract. Implied authority is what is reasonably necessary to carry out express authority. Fiduciary authority is not a category of agency authority but a description of the duty to handle funds in trust.