0
What else can I help you with?
Can life insurance agent sell general insurance?
No.
What is the difference between a personal lines agent and a general lines agent?
A personal lines agent deals with homeowners and auto insurance. A general lines agent deals with commercial insurance, bail bonds, life, accident, and health insurance.
What is a brokerage general agent in the insurance world?
bro ker
What is a PPGA insurance contract?
Personal Producing General Agent contract
Who knows an insurance co. in Texas that appoints new insurance agent for car insurance for foreigners?
A general Agency named Insurance Plus will entertain insurance agent appointments in Texas without respect to gender, ethnicity or national origin.
What role does a insurance advisor have?
An insurance advisor/agent gives probable customers knowledge about an Insurance Plan and sell Insurance Policies. There are three types of insurance agents : 1. Life Insurance Agent. 2. General Insurance(Non-Life) Agent. 3. Composite Insurance Agent(i.e. both life and non life agent). An insurance broker can also be an insurance advisor. Difference between an insurance agent and an insurance broker are: 1. An insurance agent is employed by only one general insurance company or one life insurance company or both(depending on the type of Agent) but an insurance broker can work with any insurance company(Life or General). 2. An insurance agent is accountable to Insurer(insurance company) but an insurance broker is accountable to customers, i.e. an insurance broker works on behalf of customers to seek a better insurance plan. 3. Both agents and brokers are reimbursed by insurance company. 4. There is no capital requirement for Insurance Agents but Insurance brokers must have capital of Rs. 50 lakhs for direct broker, Rs. 1 crore for reinsurance broker and Rs. 2.5 crore for composite broker. Generally Insurance brokers works with big businesses whereas agents work with all type of businesses.
Is it legal for an insurance agent to work for two insurance companies at the same time?
can a general insurance agent represent more than 2 companies
How to become agent in reliance general insurance?
You will have to contact the company. If you are appropriately licensed you can ask them if they are accepting agent appointments at this time.
How can one access general insurance?
Access General Insurance can be found online at their website Access or one can speak direct to an agent. It primarily deals with auto injury and property insurance programs.
What does BGA mean for a life insurance company?
I would think Broker General Agent.
Can Life insurance corporation's agent get a licence for general insurance of new India insurance?
You can get licence for both life and general business from IRDA for which you are to apply at the time of opting for fresh licence and/or at the time of renewal.
What does MGA stand for in insurance terms?
A Managing General Agent is a special type of insurance broker that is given underwriting authority from an insurer.
