Question 3004 of 303 · California Life-Only Agent Exam
Which type of authority is the agent's power to act that is spelled out in the agent's contract with the insurer?
Exactly one answer is correct.
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Correct answer to question 3004
- D: Express authority
Explanation
Express authority is written or stated. Implied authority is what is reasonably needed to carry it out, and apparent authority is what a third party reasonably believes the agent has.
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