Authority Of An Insurance Agent

An agent can act only within the authority granted to him by the principal.The authority given to an agent maybe expressed,implied or apparent.It is also to know about the usual authority of the agent and related ratification thereof.

Authority as below -

1. Express Authority
   
2. Implied Authority
   
3. Apparent Or Ostensible Authority
   
4. Ratification
   

For more details see the next post...