Signing Insurance Applications

Virtually all specialty insurance applications, such as Professional liability (including D&O and EPL) insurance applications, are designed to be signed by the insured because the information in an application is a representation about the risk and the information is material to the underwriter. Every once in a while we come across a situation where an agent or broker has signed an application as the insured. This is surprising because this is completely inappropriate - it is neither legal nor ethical....