Skip to content
Warren AI
Sign in
Insurance & Risk Management
5. Chapter 5: Types of Private Insurers/Agents and Brokers
5. Chapter 5: Types of Private Insurers Illustration
Syllabus Slides

Agents and Brokers

01.Core Concepts

An agent is someone who legally represents the principal and has the authority to act on the principal's behalf Authority may be: Expressed Implied Apparent The principal is legally responsible for all acts of an agent when the agent is acting within the scope of authority