A Disclosed Principal Is Not Liable to a Third Party

question 32

True/False

A disclosed principal is not liable to a third party for contracts made by the agent acting outside the scope of his or her authority.

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Definitions:

Electronic Claims Tracking

The digital monitoring and management of insurance claims processing, from submission through final settlement.

Electronic Claims Tracking

The process of using digital tools and systems to monitor and manage the submission and processing of insurance claims.

Bartering of Goods

The exchange of products or services for other products or services without using money, an ancient trade method still used in some contexts today.

Manual Claims Tracking

A process where insurance claims are tracked by hand or through basic computer systems rather than automated software, requiring human input and organization.