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Insurance

Independent agent

A self-employed agent, typically compensated through commission, acts as a representative for multiple insurance companies. This individual possesses a deep understanding of the insurance industry and serves as a liaison between clients and various insurance providers. As a knowledgeable and experienced professional, the agent is well-equipped to provide valuable insights and recommendations on insurance options to suit the unique needs of each individual or business. With their extensive network and expertise, they play a crucial role in helping clients navigate the complex world of insurance.

Related terms

Death Benefit

Understand the meaning and definition of Death Benefit in the context of stock market, trading, and investments.

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Excess of loss reinsurance

Understand the meaning and definition of Excess of loss reinsurance in the context of stock market, trading, and investments.

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Face amount

Understand the meaning and definition of Face amount in the context of stock market, trading, and investments.

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Diminution of value

Understand the meaning and definition of Diminution of value in the context of stock market, trading, and investments.

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Premiums in force

Understand the meaning and definition of Premiums in force in the context of stock market, trading, and investments.

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Deferment period

Understand the meaning and definition of Deferment period in the context of stock market, trading, and investments.

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