Learn about implied authority in general insurance, where public perception allows an agent certain powers. Understand what the public can reasonably believe about an agent's roles and actions.
Explore the legal concept of imputed acts where actions performed by an agent are considered those of the principal. Learn how imputed liability works in various legal scenarios.
Learn about the presumption of agency, an agency relationship that is legally enforceable without a signed agreement, and its implications in general insurance.
Explore comprehensive definitions, etymologies, synonyms, antonyms, facts, quotes, government regulations, references, and quizzes related to insurance terms. Ideal for professionals, students, and enthusiasts.