Identify all of the accurate statements about the law of agency. The law of agency refers to the legal consequences of people acting on behalf of other people or organizations. The law of agency makes agents liable for misrepresentations on the part of the insurer(s) they represent The law of agency is significant because the only direct interaction most buyers of insurance have with the insurance company is through an agent or a broker The law of agency makes agents liable for misrepresentations on the part of the insured. The law of agency involves a principle-agent relationship