What is written expressed authority in insurance terms?

Written expressed authority in insurance refers to the explicit powers granted to an agent or broker by an insurance company, typically outlined in a written agreement or contract. This authority allows the agent to act on behalf of the insurer, such as binding coverage, collecting premiums, and processing claims. It contrasts with implied authority, which is not formally documented but is assumed based on the agent's role and responsibilities. Understanding this distinction is crucial for both insurers and clients to clarify the scope of the agent's powers.