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Chapter 5 : Law of Agency

This class was created by Brainscape user andres pujazon. Visit their profile to learn more about the creator.

By: andres pujazon
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Decks in this class (7)

Law of Agency
Define what is an agent,
What does the fsa define insuranc...,
What are the three main ways of t...
7  cards
Duties of an Insurance Agent to the Principal
What are the five duties of an in...,
Define obey the principal s instr...,
Define exercise proper care and s...
7  cards
Duties of the Principal to an Insurance Agent
Define to pay the agreed remunera...,
Define to indemnify the agent
2  cards
Authority of Agents
What are the two types of authority,
What are the two types of actual ...,
Explain what is apparent authority
4  cards
Insurance Contracts Formed through an Agent
When will agents be engaged to br...
1  cards
Termination of Agency
What will cause termination of ag...
1  cards
List of Prohibited Business Conduct
What is the fsa schedule for proh...,
List down the prohibited business...
2  cards

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Chapter 5 : Law of Agency

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