0
Yes.
Wiki User
∙ 16y ago
Add your answer:
Earn +20 pts
What insurance company has the code number 303?
Fiduciary Insurance Company Of America.
What is an agent fiduciary capacity?
To sell variable life insurance policy polices, agent must recieved
What is the role of insurance agent in insurance company?
An insurance agent is responsible for the sales of the company's insurance products/services. An agent is generally considered to be the agent of the insurer, whereas a broker is generally considered to be a representative of the insured. That is, the agent is more closely bound to the insurer that it represents, whereas a broker usually represents many insurers and shops for an insured. That said, there is becoming less of a distinction between the two. An agent also often gets involved in assisting the insurer with submitting covered claims to the insurer for payment. An agent has a fiduciary duty to the insured (a duty of trust and to act in good faith). An agent is licensed and regulated by the insurance regulatory authority of the state(s) in which he/she transacts business.
Who does an agent represent in an insurance transaction?
The agent represents the insurance company, not the customer who is buying the insurance.
What are the rights of an agent in insurance?
An insurance agent has a contract with an insurance company which specifies his rights; but basically an agent has a right to be paid a commission for the insurance that he or she sells.
What is the difference between an insurance agent and insurance broker?
An Insurance Broker has a duty of care to the client to secure the best deal on the market by 'broking' the insurance requirement out to all insurance companies who will accept the risk. An Agent of an Insurance Company works only for the Insurance Company concerned and thus the client will get a quote from only the insurance company the Agent represents .
What is an insurance application?
an application is what an insurance agent fills out and you sign and pay premium and then the agent summits to company
How do you confirm your auto insurance coverage?
Call your agent or your insurance company.
How could one become a business insurance agent?
You can become a business insurance agent by studying insurance in college or business in college. In addition, you can become a business insurance agent by applying for an insurance company.
How can you get copies of your policy?
Your agent can help, or you can call the insurance company direct. If you can't find the insurance company online, or lost your agent info, any agent may be able to help you.
How can i get my policy number if i dont know what insurance company i have?
Contact your insurance agent.
Who is the registered agent for safeco insurance?
Safeco Insurance Company is represented by Independent Insurance Agents who contract with them. If you purchased insurance from Safeco then you did so through an Independent Agent. Unless you changed your agent for some reason such as moving to another area the original agent would still be your agent or at least the agency would still be who you would go to for assistance. I know this because I am an Independent Agent who represents Safeco Insurance Company and am proud to represent such a fine company for many years.
