What does procured mean?
Procured means obtained, or purchased.
However, the word "procure" normally implies an action on the part of the person who does the procuring, whereas (in modern usage) "obtain" does not.
Agency means procuration as well as servicing of products of a Company, for which the authorised agent is paid commission for total business generated through him, by the Company who has appointed him as agent to do the job. The business to be procured and rate of commission to be paid to the agent is agreed upon between the two parties involved in agency.