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2. Independent insurance agent - Wikipedia

   en.wikipedia.org/wiki/Independent_Insurance_Agent

   Independent agents are independent contractors for the insurance companies they represent. Several companies may authorize the agent to sell for them, but the agent remains an independent businessperson. While the agent collects commissions, they do not collect a salary from the companies they represent. On average, independent agents work with ...

3. Law of agency - Wikipedia

   en.wikipedia.org/wiki/Law_of_agency

   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] It may be referred to as the equal ...

4. Managing general agent - Wikipedia

   en.wikipedia.org/wiki/Managing_general_agent

   Managing general agent. 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 ...

5. Insurance broker - Wikipedia

   en.wikipedia.org/wiki/Insurance_broker

   Insurance broker. An insurance broker is an intermediary who sells, solicits, or negotiates insurance on behalf of a client for compensation. An insurance broker is distinct from an insurance agent in that a broker typically acts on behalf of a client by negotiating with multiple insurers, while an agent represents one or more specific insurers ...

6. Insurance regulatory law - Wikipedia

   en.wikipedia.org/wiki/Insurance_regulatory_law

   Insurance regulatory law. Insurance regulatory law is the body of statutory law, administrative regulations and jurisprudence that governs and regulates the insurance industry and those engaged in the business of insurance. Insurance regulatory law is primarily enforced through regulations, rules and directives by state insurance departments as ...

7. Insurance - Wikipedia

   en.wikipedia.org/wiki/Insurance

   Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an ...

8. Agent of record - Wikipedia

   en.wikipedia.org/wiki/Agent_of_Record

   An agent of record (AOR) is an individual or a legal entity with a duly executed contractual agreement with an insurance policy owner, in line with the prevailing legal norms and regulations of the region in which the contract was entered. The agent of record has a legal right to receive commissions from the respective insurance policy. The ...

9. Commercial general liability insurance - Wikipedia

   en.wikipedia.org/wiki/Commercial_general...

   Commercial general liability insurance is a broad type of insurance policy which provides liability insurance for general business risks. In the United States insurance market this is known as Commercial General Liability (CGL). It is the "first line" of coverage that a business typically purchases, [1] and covers many of the common risks that ...