agency by ratification

Definition

When the insurance company accepts the actions of an agent, this ratifies the act, making the company liable for consequences that may occur.

Use this term in a sentence

The agency by ratification was a really interesting concept to me and I took a lot of interest in it.

​ Was this Helpful? YES  NO 11 people found this helpful.

You may want to figure out if you can find a way to make agency by ratification work in your companies favor.

​ Was this Helpful? YES  NO 5 people found this helpful.

The insurance company accepted the agreement of agreeing to agency by ratification as the insurance agent made certain promises that ought to be kept.

​ Was this Helpful? YES  NO 6 people found this helpful.

Show more usage examples...

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
agency broker agency closing