actual authority

What Type Of Authority Is Given By An Insurer To An Agent?

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What Type Of Authority Is Given By An Insurer To An Agent? 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

What Is The Difference Between Apparent And Inherent Authority?

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What Is The Difference Between Apparent And Inherent Authority? Apparent Authority: Apparent authority arises from the reasonable beliefs of third parties. … Inherent Authority: Even if the agent has no actual or apparent authority, the agent might still have the inherent authority to act on behalf of the principal. What is the difference between express