Insurance   A layperson's glossary of insurance terminology.

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what is...
AGENT
Insurance is sold by two types of agents: independent agents, who are self-employed, represent several insurance companies and are paid on commission, and exclusive or captive agents, who represent only one insurance company and are either salaried or work on commission. Insurance companies that use exclusive or captive agents are called direct writers.
ALSO SEE: AGENCY COMPANIES, DIRECT WRITERS, CAPTIVE AGENT, COMMISSION, BROKER, FRAUD

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