special agent
special agent. 1. AGENT(2). 2. INSURANCE AGENT.
Search Results for: insurance agent
federal crop insurance corporation
Federal Crop Insurance Corporation. A federally chartered corporation that protects farmers against financial losses from crop failure due to adverse weather conditions, insect infestation, plant disease, floods, fires, and earthquakes by encouraging the sale of insurance through licensed agents and brokers and by reinsuring private companies that issue insurance under brand names. • Created by
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flier policy
Hist. A policy issued at a very low rate near the end of the year for the purpose of swelling the insurance agent’s annual-sales figures. — Also spelled flyer policy.
twisting
twisting, n. An insurance agent’s or company’s misrepresenting or misstating facts, or giving an incomplete comparison of policies, to induce an insured to give up a policy in one company and buy another company’s policy. [Cases: Insurance 1563, 1618. C.J.S. Insurance § 91.]
cover note
cover note. A written statement by an insurance agent confirming that coverage is in effect. • The cover note is distinguished from a binder, which is prepared by the insurance company.
solicitor
solicitor. 1. A person who seeks business or contributions from others; an advertiser or promoter. 2. A person who conducts matters on another’s behalf; an agent or representative. 3. The chief law officer of a governmental body or a municipality. [Cases: Municipal Corporations 169. C.J.S. Municipal Corporations § 371.] 4. In the United Kingdom, a
adjuster
adjuster. One appointed to ascertain, arrange, or settle a matter; esp., an independent agent or employee of an insurance company who negotiates and settles claims against the insurer. — Also termed claims adjuster. [Cases: Insurance 3222. C.J.S. Insurance §§ 1343–1344.] independent adjuster. An adjuster who solicits business from more than one insurance company; one who
deviation doctrine
deviation doctrine. 1. A principle allowing variation from a term of a will or trust to avoid defeating the document’s purpose. 2. A principle allowing an agent’s activity to vary slightly from the scope of the principal’s permission. 3. Maritime law. The rule that a carrier loses the benefit of its limitations and exemptions under
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