What type of authority is NOT written and allows a producer to conduct the business of the insurer?

Implied authority is a type of authority that is not explicitly written or stated but is understood to exist based on the actions and circumstances surrounding the insurance producer's role. This authority allows a producer to take certain actions that are necessary to fulfill their responsibilities and conduct business on behalf of the insurer, even if those specific actions are not detailed in a written agreement.

For example, if an insurance producer routinely handles client inquiries, processes claims, or issues policy renewals, they may be acting with implied authority derived from their position. This type of authority stems from the trust the insurer places in the producer to act in the best interest of both the insurer and the policyholders.

On the other hand, express authority is explicitly granted and documented, while apparent authority arises when a third party reasonably believes that the producer has the authority based on the insurer's representations. Restricted authority relates to limitations placed on a producer's ability to act, which does not apply here. Hence, implied authority best fits the description of non-written authority that allows producers to conduct the business of the insurer.