5. Andy Agent has a successful life and health insurance business and for years has had his policyowners mail their premiums directly to him. He then sends the premiums to the insurer. Although his agent's contract does not permit this, the insurer he represents is aware of this practice and has never asked him to stop. Which statement is correct? a. Andy Agent has express authority to receive the premium payments directly and then remit them to the insurer. b. The insurer has likely violated the common law by permitting Andy to receive the premiums directly. c. The insurer has likely violated its ethical duties by permitting Andy to receive the premiums directly. d. Andy Agent has apparent authority to receive the premium payments directly and then remit them to the insurer. 5. Andy Agent has a successful life and health insurance business and for years has had his policyowners mail their premiums directly to him. He then sends the premiums to the insurer. Although his agent's contract does not permit this, the insurer he represents is aware of this practice and has never asked him to stop. Which statement is correct? a. Andy Agent has express authority to receive the premium payments directly and then remit them to the insurer. b. The insurer has likely violated the common law by permitting Andy to receive the premiums directly. c. The insurer has likely violated its ethical duties by permitting Andy to receive the premiums directly. d. Andy Agent has apparent authority to receive the premium payments directly and then remit them to the insurer