A feature of implied authority is that it:

• A. Is written and clearly defined
• B. Is not limitable by written agreements
• C. Emerges from the actions of the broker
• D. Only applies to agents

Answer: (C)

Implied authority is defined as the authority that is not explicitly stated but is granted through the actions or behaviors of an agent within a particular context. In the case of relationships between brokers and insurers, implications can arise from the broker's actions and the surrounding circumstances, which lead third parties to reasonably believe that the broker has certain powers or authority to act on behalf of the insurer.

This concept is rooted in agency law, where the authority given to an agent (in this case, the broker) can be inferred from their customary role and the expectations that arise from it. For instance, if brokers regularly bind coverage for clients without a formal written agreement, their behavior reinforces their authority to perform such actions, even in the absence of explicit permission.

While features like written agreements may articulate specific authorities or limits, implied authority is distinct because it operates outside those formal written confines, making it potent in practice. The idea that implied authority only pertains to agents is also not applicable, as it can extend to various roles within an insuring context, not confined solely to agents. Thus, the essence of implied authority lies in how it derives from the practical execution of duties as interpreted through behavior and situational context.