General Agents

Posted in Human Resource Terms, Total Reads: 566
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Definition: General Agents

A general agent may be:-

  • An agent who serves several principals at the same time.
  • An agent who has the general authority to transact on behalf of his principal for all activities.

 

A general agent performs business related activities on behalf of someone.

 

General agent is also a term which is used for people who are responsible for selling insurance to prospective customers.

 

Example:

A boy in a general store, who has the authority to sell all goods, deliver goods, and receive payments is a general agent.




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