The insurance agent is an individual who sells and services insurance policies. There
are generally two classifications of agents:
Independent Agent
An independent agent represents at least two insurance companies, and
services clients by searching the market for the most advantageous price for the
most coverage. The agent's commission is a percentage of each premium paid
and includes a fee for servicing the insured's policy.
Captive or Exclusive Agent
This type of agent represents only one company, and sells only its policies. This
agent is paid on a commission basis in much the same manner as the
independent agent.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.