15. Though an individual's agent contract does NOT specifically address his practice of providing clients with insurance advice, his power or authority to do so is considered
Answer: D
The individual's authority to provide insurance advice is considered implied.
The individual possesses implied authority to provide insurance advice to clients, even if the agent contract does not specifically mention this practice. This authority arises from the nature of the agency relationship and the expectations of the role.
A) limited.
Option A is incorrect because "limited" implies a restriction on the agent's authority, while the agent's ability to provide insurance advice is understood to be part of their role, even if not explicitly stated in the contract.
B) express.
Option B is incorrect as "express" authority refers to powers that are explicitly granted in the contract. Since the contract does not specifically address the provision of insurance advice, it cannot be classified as express authority.
C) apparent.
Option C is incorrect because "apparent" authority relates to what third parties perceive regarding the agent's powers. While clients may perceive the agent as capable of giving insurance advice, the question focuses on the authority granted by the contract, which is not apparent in this case.
D) implied.
Option D is correct because "implied" authority allows an agent to perform actions that are reasonably necessary to fulfill their duties. Providing insurance advice can be seen as part of the agent's role, thus making it an implied authority.
Conclusion
The correct answer is D, as the individual's ability to provide insurance advice is derived from implied authority within the agency relationship. Options A, B, and C fail to accurately describe the nature of the authority in question, as they either suggest restrictions or misinterpret the contract's implications regarding the agent's role.