General Insurance
In the law of agency, what is the relationship between an insurer and its appointed producer?
Answer and explanation
Answer: D. The insurer is the principal, so within the authority conferred the producer's acts and knowledge are attributed to the insurer. That is why a producer's statement can bind the insurer even where the written contract says otherwise.Source: PSI — New York DFS Insurance Candidate Information Bulletin — Outline, insurer as principal
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