If you call a GEICO agent in the middle of the night to obtain insurance for your new automobile, you are covered as of the time of your conversation with the agent.Identify this authority of the agent.
A)Duress authority
B)Facultative authority
C)Binding authority
D)Waiver authority
E)Estoppel authority

Question

Quizplus · Accepted Answer

The correct term is "binding authority," which refers to the agent's power to act on behalf of the insurance company, making decisions that the company must adhere to, such as providing insurance coverage during the call.

If You Call a GEICO Agent in the Middle of the Night