An agent is a person employed represent the intrests of one party in a transaction. In the case of an insurance agent this person represents the intrests of the insurance company that will provide the policy. Agency is a tricky relationship. The main thing to remember is that no matter what they say an "agent" represents the intrest of the party who is paying them. Insurance agents sometimes use the word client to describe the buyer but the true "client" is the UNDERWRITER or the company that holds the policy.
I've reviewed the answers given so far and even though my experience working for an insurance company is not long in tenure I have had insurance since I've had to and I also understand the common sense of laws. An insurance agent is licensed by the specific state in which they are allowed to bind coverage in. Regardless of what type of insurance they write. They are also regulated by local, state, and federal guidelines to insure that the overall industry is representing the client(you), not the underwriter in an ethical manner. The difference between the types of companies you write insurance with and what they do is as about as huge as any Doctor or Lawyer. They are all professionals, they all have specialties and limitations and there are both good and bad. Your responsibility is to ask questions and if you feel uncomfortable then ask for a second opinion. If you want more info on how insurance works then ask and I will answer truthfully but understand that what you think you know about insurance is not always correct. Thank You.
An insurance agent is a person that sells insurance. Many have moved beyond just insurance now, having financial services as well.
There are two types of agents.
There is the Independent agent. They sell a number of different insurance companies.
The other is an Exclusive Agent. They only sell one insurance model (such as Allstate).
Many companies are moving away from agents, following the GEICO model of direct selling, since your rates as usually higher with an agent because they take a commission off your premium.
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June 14th, 2008 at 9:19 am
It is a licensed insurance salesman.
June 14th, 2008 at 9:19 am
insurance agent
n : an agent who sells insurance
June 14th, 2008 at 9:19 am
One who, for money, convinces you that you will die soon but secretly hopes you will live forever and keep paying the premium.
June 14th, 2008 at 9:19 am
An agent is a person employed represent the intrests of one party in a transaction. In the case of an insurance agent this person represents the intrests of the insurance company that will provide the policy. Agency is a tricky relationship. The main thing to remember is that no matter what they say an "agent" represents the intrest of the party who is paying them. Insurance agents sometimes use the word client to describe the buyer but the true "client" is the UNDERWRITER or the company that holds the policy.
June 14th, 2008 at 9:19 am
I've reviewed the answers given so far and even though my experience working for an insurance company is not long in tenure I have had insurance since I've had to and I also understand the common sense of laws. An insurance agent is licensed by the specific state in which they are allowed to bind coverage in. Regardless of what type of insurance they write. They are also regulated by local, state, and federal guidelines to insure that the overall industry is representing the client(you), not the underwriter in an ethical manner. The difference between the types of companies you write insurance with and what they do is as about as huge as any Doctor or Lawyer. They are all professionals, they all have specialties and limitations and there are both good and bad. Your responsibility is to ask questions and if you feel uncomfortable then ask for a second opinion. If you want more info on how insurance works then ask and I will answer truthfully but understand that what you think you know about insurance is not always correct. Thank You.
June 14th, 2008 at 9:19 am
An insurance agent is a person that sells insurance. Many have moved beyond just insurance now, having financial services as well.
There are two types of agents.
There is the Independent agent. They sell a number of different insurance companies.
The other is an Exclusive Agent. They only sell one insurance model (such as Allstate).
Many companies are moving away from agents, following the GEICO model of direct selling, since your rates as usually higher with an agent because they take a commission off your premium.
October 31st, 2011 at 3:08 am
Christmas Tree…
That is very attention-grabbing, You’re an excessively skilled blogger. I’ve joined your rss feed and stay up for in quest of extra of your excellent post. Additionally, I’ve shared your site in my social networks! Christmas Tree …
January 26th, 2012 at 3:08 pm
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