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What is the difference between an insurance producer and an agent?
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What is the difference between an independent insurance agency and an independent insurance agent?
The agency is the business and the agent is a person.
What is the difference between a producer and Agent?
None. There are several different types of insurance agents. "Producing Agents" are often referred to as Producers, Meaning they generally deal with the public and accept applications for insurance.
What is a title insurance producer?
Generally speaking, a title insurance producer is the same as a title insurance agent.
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.
Is privilege insurance the same as life insurance?
Privilege insurance is not the same as life insurance. To receive a better understanding of the difference between the two, it is best to contact an insurance agent.
Can you take classes to become an Insurance Agent?
There are classes to become an insurance agent. Each state offers liscensing classes to obtain your producer liscense.
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 the difference between mercantile agent delcredere agent broker and factor agent?
An agent (captive) works directly for a single insurance company and is limited only to that company's offerings. A broker represents many insurance companies and can therefor provide you a multitude...
What is the primary difference between a life and disability analyst and a life agent?
An analyst recieves compensation from his client, and the agent recieves compensation from the insurance company.
What is the difference between insurance agents and brokers?
An insurance broker differs from an insurance agent in that a broker is considered an agent of the Insured even though he or she may receive a commission from the insurance company A broker may sell the products of a number of insurers whereas an insurance agent has the Insurer as his principal and works in the interest of the Insurer and not the Insured
What is the Difference between brokerage and commission?
difference between broker and commission agent
What area of law determines producer status and binds the agent broker for his acts or errors?
The area of law that determines producer status and binds the agent or broker for their acts or errors is typically governed by agency law. This body of law establishes the legal relationship between the producer (agent or broker) and the principal (insurance company or client), outlining rights, duties, and responsibilities. It also covers issues such as implied authority, apparent authority, and duties of loyalty and care.
