Posted in Finance, Accounting and Economics Terms, Total Reads: 398
Definition: Brokerage General Agent
An independent company or person that works for a given Insurance Company whose job is to sell various types of insurance products to the Insurance Brokers. The end customers then buy these products from the Broker. It is like a chain to sell various types of Insurance Products.
These Agents can be focused on only one type of Insurance or may have a basket of options that they deal in. They may also provide many services to their clients (Brokers) like acceptance of online applications, tracking, providing quotes and account details of insurances.
Brokerage General Agents practice and promote the best industry practices.