90. The authority of an insurance producer to do certain acts not listed in the agency contract but obvious from the duties that are listed is known as
Answer: D
Implied authority is the correct term for the authority of an insurance producer to perform acts that are not explicitly detailed in the agency contract but are inferred from the listed duties.
A) Apparent authority.
Apparent authority refers to the perception that a producer has the authority to act on behalf of the principal based on the principal’s representations, rather than actual authority. This concept does not align with the idea of performing acts that are implied from existing duties.
B) Binding authority.
Binding authority is related to the ability of an insurance producer to create an enforceable contract on behalf of the insurer. While it involves authority, it doesn't specifically address the acts that are implied from duties, which is what the question focuses on.
C) Expressed authority.
Expressed authority is the explicit authority granted to an insurance producer through the agency contract. Since the question emphasizes acts that are not listed in the contract but are inferred, expressed authority does not fit the context.
D) Implied authority.
Implied authority is the correct answer because it encompasses the actions that an insurance producer is expected to perform as part of their duties, even if those actions are not specifically detailed in the agency contract. It recognizes the necessity for producers to act in ways that support their listed responsibilities.
Conclusion
Implied authority is the most fitting term as it defines the unspoken permissions granted through the context of the agency relationship. In contrast, the other options focus on different aspects of authority that do not capture the essence of acting on inferred responsibilities. Thus, D is the definitive choice for this question.