I Insurance agents brokers Insurance agent---the link between the insurance company and the insurance Consumer 1. Duties of the agent 2. Agency contracts: specify the authorities to the agent 3. Agent should act within the limit of the authorities 4.Two other fundamental legal doctrinesI. Insurance agents & brokers ▪ Insurance agent---the link between the insurance company and the insurance consumer. 1. Duties of the agent 2. Agency contracts: specify the authorities to the agent. 3. Agent should act within the limit of the authorities. 4. Two other fundamental legal doctrines