What would be an example of implied authority in an insurance context?

In an insurance context, implied authority refers to the actions that an agent is able to take on behalf of their company, based on the responsibilities and limits of their formal role, even if such actions are not explicitly stated in their contract. Completing required applications for coverage is a prime example of this.

Agents often have the responsibility to facilitate the application process to ensure that clients can obtain insurance. This task involves collecting necessary information from potential policyholders and submitting this data to the insurer. While the agent may not have explicit written authority for every action involved in the binding or underwriting processes, completing applications is generally understood as part of their duties to serve clients and draw business for the insurance company.

Choosing this answer demonstrates an understanding of the practical relationship between agents and insurers, where certain actions, like completing applications, are considered a part of the agent's role in aiding clients, reflecting implied authority derived from their function within the company.