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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A domestic insurer issuing variable contracts must establish one or more
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A beneficiary change can occur
No existing agent's license will be revoked until
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Life insurance policies will normally pay for losses arising from
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Ambiguities in an insurance policy are always resolved in favor of the
In an insurance contract, the applicant's "consideration" is the
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How many pair of glasses in a 12-month period will a vision expense insurance plan cover?
The voluntary relinquishment of a legal right is called
What documentation grants express authority to an agent?
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Which nonforfeiture option provides coverage for the longest period of time?
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Which of the following statements about accumulated interest earned on dividends from an insurance policy is TRUE?
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What is the other term for the cash payment settlement option?
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