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What is agency in insurance?

Asked By: Shrishti Maharaj

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7 Answer(s) Available

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Agent — a person or organization who/that is authorized to act on behalf of another. An insurance agent is a person or organization who/that solicits, negotiates, or instigates insurance contracts on behalf of an insurer and can be independent or an employee of the insurer.


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An insurance agency, sometimes called an insurance brokerage or independent agency, solicits, writes and binds policies through many


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An insurance agency sells policies on behalf of insurers that have granted it an appointment. An appointment is a contractual agreement that specifies the types of


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Definition: An agent is a person who represents an insurance firm and sells insurance policies on its behalf. Description: Generally, there are two types of such


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Who is insurance agent (or agent or captive agent)? An insurance agent is a person who works for an insurance company and sells the insurance products of


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An insurance agent is a professional who sells an insurance company's products to consumers for a commission. An agent helps consumers select the right What are insurance agents and insurance brokers? What is an insurance agent?


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What Is an Insurance Agency? An insurance agency — sometimes called an insurance agent — is an individual or company authorized by a carrier to sell the


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