According to the Laws of Agency, who represents the principal?

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Prepare for the Wisconsin Casualty Insurance Test. Study effectively using multiple choice questions with hints and explanations. Ensure success in your exam!

Multiple Choice

According to the Laws of Agency, who represents the principal?

Explanation:
In agency law, the agent acts on behalf of the principal. In insurance, the producer (agent) represents the insured—the principal—in dealings with the insurer and other parties. The insurer’s underwriter and the claims adjuster work for the insurer and don’t represent the principal. So the agent or producer is the one who represents the principal.

In agency law, the agent acts on behalf of the principal. In insurance, the producer (agent) represents the insured—the principal—in dealings with the insurer and other parties. The insurer’s underwriter and the claims adjuster work for the insurer and don’t represent the principal. So the agent or producer is the one who represents the principal.

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