An agent in the XYZ Insurance Company, equipped with business cards, sample XYZ policies, and an XYZ rate book, informs a prospect that XYZ has given him unlimited binding authority. The prospect assumes this is true. Given the prospect’s assumption, which of the following correctly defines the agent’s authority in this case?

Insurance

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An agent in the XYZ Insurance Company, equipped with business cards, sample XYZ policies, and an XYZ rate book, informs a prospect that XYZ has given him unlimited binding authority. The prospect assumes this is true. Given the prospect’s assumption, which of the following correctly defines the agent’s authority in this case?

A) Implied.

B) Binding.

C) Apparent.

D) Express.

Answer: C

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