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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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98

Studies at Institute of Science, Banaras Hindu University Research Pharmaceutical Trade Shows Microsoft Word Columbus United States


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

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4

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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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3

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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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3

Studied at Guru Gobind Singh Indraprastha University Microsoft Word Medical Device Fresno United States


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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3

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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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