Express power given to an agent in an agency agreement is

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Express power given to an agent in an agency agreement is

A) the appearance of authority an insurer gives to its agent
B) the unwritten authority that the agent is assumed to have
C) the authority to represent the insurer
D) the authority to add provisions to a contract

Answer: C) the authority to represent the insurer

Legal Concepts

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An insured's building has an actual cash value of $200,000, and he has insured the property for $120,000 with an 80% coinsurance clause. A $40,000 loss occurs. How much will the policy pay?

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