Insurance

What is an Agent?

Agent

[ey-juh nt]

noun

1.

An Insurance Agent is an individual who sells insurance on behalf of an insurance company. They are different from Brokers, in that Brokers represent the party buying insurance, while agents represent the company selling the insurance. Agents can be either captive or independent. Captive Agents are representatives of a single insurance company, and sell policies exclusively for that company. Independent Agents sell policies for many companies.

Have A Question About This Topic?

Thank you! Oops!

Related Content

To Buy or Not to Buy

To Buy or Not to Buy

The decision whether to buy or rent a home may have long-term implications.

The Five Basics of Financial Literacy

The Five Basics of Financial Literacy

How literate are you when it comes to your finances? Brush up with these five basics.

From Boats to Brokers

From Boats to Brokers

From the Dutch East India Company to Wall Street, the stock market has a long and storied history.