Search Results for: insurance agent

insurance agent

insurance agent. A person authorized by an insurance company to sell its insurance policies. — Also termed producer; (in property insurance) recording agent; record agent. [Cases: Insurance 1604. C.J.S. Insurance §§ 178, 180.] general agent. An agent with the general power of making insurance contracts on behalf of an insurer. [Cases: Insurance 1634(2). C.J.S. Insurance […]

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insurance broker

Insurance. A person who, for compensation, brings about or negotiates contracts of insurance as an agent for someone else, but not as an officer, salaried employee, or licensed agent of an insurance company. • The broker acts as an intermediary between the insured and the insurer. — Also termed producer. [Cases: Insurance 1609. C.J.S. Insurance

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general agent

An agent authorized to transact all the principal’s business of a particular kind or in a particular place. • Among the common types of general agents are factors, brokers, and partners. [Cases: Insurance 1634(2); Principal and Agent 93. C.J.S. Agency § 172; Insurance §§ 193–194.]

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special agent

An agent whose powers are usu. confined to soliciting applications for insurance, taking initial premiums, and delivering policies when issued. — Also termed local agent; solicitor. [Cases: Insurance 1634(2). C.J.S. Insurance §§ 193–194.]

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