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The authority given by an insurer or employer to a licensee to transact insurance or adjust claims on their behalf is called?

1) authorization
2) appointment
3) certification
4) representation

User Flashburn
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1 Answer

7 votes

Final answer:

The authority given by an insurer or employer to a licensee to transact insurance or adjust claims is known as an appointment.

Step-by-step explanation:

The authority given by an insurer or employer to a licensee to transact insurance or adjust claims on their behalf is called an appointment. An occupational license is a form of credentialing issued by government agencies that indicates a licensee has met certain educational or testing requirements.

In the context of insurance, licensees are typically appointed to conduct business, such as managing premium payments or addressing risks associated with a defined risk group. The licensee needs to understand various aspects such as the terms of a service contract or a warranty to effectively serve the customers on behalf of the insurer.

User AverageMarcus
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