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In insurance, a managing general agent is defined legally as "an individual or business entity appointed by an underwriting insurer to solicit applications from agents for insurance contracts or to negotiate insurance contracts on behalf of an insurer and, if authorized to do so by an insurer, to effectuate and countersign insurance contracts".
The law of agency is an area of commercial law dealing with a set of contractual, quasi-contractual and non-contractual fiduciary relationships that involve a person, called the agent, who is authorized to act on behalf of another (called the principal) to create legal relations with a third party. [1]
Property management is the operation, control, maintenance, and oversight of real estate and physical property. This can include residential, commercial, and land real estate. Management indicates the need for real estate to be cared for and monitored, with accountability for and attention to its useful life and condition.
This right to manage (RTM) lets some leasehold property owners take over management of the building - even without the agreement of the landlord. To use the right, leaseholders must set up an RTM company and follow certain procedures. The RTM company can manage the building directly, or pay a managing agent to do it. An RTM company is a way to ...
The appointment of a managing agent can only be decided by a majority vote at a general meeting in accordance with section 27 as the Strata Schemes Management Act 1996. Agents carry out some or all of the functions or duties or powers of the owners corporation including administrative matters such as calling meetings and collecting levies. [8] [16]
A case officer is an intelligence officer who is a trained specialist in the management of agents and agent networks. [1] Case officers manage human agents and human intelligence networks. Case officers spot potential agents, recruit prospective agents and train agents in tradecraft. Case officers emphasize the elements of tradecraft that ...
A Management agent is a software agent that runs on a managed node (example: a router) and provides an interface to manage it. It can perform operations on managed objects in the node and can also forward notifications to the manager . The agent software usually resides in the flash memory of telecommunications devices.
A shipping agency, shipping agent, or ship agency is the term used to refer to the appointed companies that handle operational and procedural (legal) requirements for a commercial vessel's call at a port for the purposes of cargo handling (loading/discharging), emergency calls, repairs, crew changes, or ship demolition, and protect the general interests of their principals on behalf of ship ...