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Insurance Definition: AGENT

By Compuquotes Team on March 27th, 2008

AGENT:

Definition:

  • Insurance is sold by two types of agents: independent agents, who are self-employed, represent several insurance companies and are paid on commission, and exclusive or captive agents, who represent only one insurance company and are either salaried or work on commission. Insurance companies that use exclusive or captive agents are called direct writers.

Information provided by Insurance Information Institute

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