Insurance agent

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Insurance agent

The insurance company representative and adviser who sells insurance policies.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Insurance Agent

A person licensed by a state and generally employed by an insurance company to sell insurance policies on the company's behalf. The agent generally receives a commission for this service. He/she attempts to extract the maximum value for the insurance company in all his/her dealings. An insurance agent should not be confused with an insurance broker or an insurance underwriter.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

insurance broker


insurance agent

a person or firm which acts as an intermediary in bringing together clients seeking INSURANCE cover and INSURANCE COMPANIES offering suitable policies. In some cases the agent may simply introduce the two parties to each other and receive a commission from the insurance company; or the agent may be employed by a particular insurance company to sell insurance policies on its behalf, partly on salary and partly on commission. Insurance brokers are usually independent intermediaries who are able to negotiate with a number of insurance companies on behalf of clients in order to secure for them the most advantageous cover and terms, as well as handling claims and offering general insurance advice. Most of the larger insurance brokers are members of LLOYDS, a corporation of brokers and insurance companies. Insurance brokers are regulated by the FINANCIAL SERVICES AUTHORITY in accordance with various standards of good practice laid down under the FINANCIAL SERVICES ACT 1986.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
References in periodicals archive ?
"In just a few months, the Association's directory has become the leading national resource used by consumers to connect with Medicare insurance agents in their area," Slome noted.
Global Banking News-April 3, 2015--Indian insurance agents will need to pass regulatory exams
is a managing general agent and program manager which provides non-medical, professional liability and umbrella insurance products and services to their independent insurance agent and broker clients throughout the United States.
Some contracts require the insurance agent to maintain a production level to continue to receive commissions.
Allison will be the primary resource and liaison for independent insurance agents in Florida, by offering product knowledge and assistance, as well as building and maintaining relationships with agency partners.
In short, absent certain exceptions, an insurance agent or broker may not commingle premium funds with non-premium funds.
Tyler Asher, president of independent agent distribution for Liberty Mutual, said, 'We're deeply honoured to receive the highest score for commercial insurance agent satisfaction for the second year in a row, and a top-three spot for personal lines.
It may be obvious to those in the industry that the more satisfied independent insurance agents are with an insurance carrier, the more business they will conduct with that carrier.
That the applicant is not required to use the services of the title insurance agent or corporation to which the applicant is referred and that the applicant may shop around to determine whether the applicant is receiving the best services and the best rate for those services;
If you are in the insurance agent business just to make money, leave.
It is limited liability company (registration number in the unified state register of insurance agents 3725).
HEALTH INSURANCE AGENTS, welcome to the life insurance market.

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