In property and casualty insurance, who is a representative of an insurer delegated authority through an agency contract to act on behalf of the insurer?

• A. Agent
• B. Broker
• C. Underwriter
• D. Adjuster

Answer: (A)

In property and casualty insurance, when an insurer delegates authority to act on its behalf through an agency contract, the representative is an agent. An agent is appointed by the insurer (through a contract) and can solicit applications, issue policies, collect premiums, and bind coverage within the authority granted. This is different from a broker, who represents the insured and places coverage with insurers without binding authority from a specific insurer. An underwriter assesses risk and sets rates, while an adjuster handles claims after a policy is in force and does not bind new coverage. So the agent is the one authorized to act on behalf of the insurer.