According to the law of agency, which of the following statements is NOT correct?

A) Knowledge of the principal is knowledge of the agent.

B) The acts of an agent are the acts of the principal.

C) A contract completed by the agent on behalf of the principal is a contract of the principal.

D) Payments made to an agent intended for the principal are payments made to the principal.

Answer: A

Insurance Company Organization

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Life insurance policies will normally pay for losses arising from
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The voluntary relinquishment of a legal right is called
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The pro rata liability clause is designed to protect the principle of
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What is the benefit of choosing extended term as a nonforfeiture option?
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