insurance agent definition

insurance agent means a sales and/ or service representative of an insur- ance company. The term ‘‘insurance agent’’ encompasses any person that sells, markets, distributes, or services an insurance company’s covered prod- ucts, including, but not limited to, a person who represents only one insur- ance company, a person who represents more than one insurance company, and a bank or broker-dealer in securities that sells any covered product of an in- surance company.
insurance agent means, subject to subsection (2), any person who for any compensation and through any medium does one or more of the following:
insurance agent means an insurance agent 4*** 5*** who receives or agrees to receive payment by way of commission or other remuneration in consideration of his soliciting or procuring insurance business 6[including business relating to the continuance, renewal or revival of policies of insurance];

Examples of insurance agent in a sentence

  • Numerous conversations with Insurance agent Lawrence Hanson in regard to the Town insurance renewal and Water Utility insurance renewal.

More Definitions of insurance agent

insurance agent means a person licensed under Chapter4054, Insurance Code.
insurance agent means a person appointed and authorised by an insurer to solicit for applications for insurance or negotiate insurance coverage on behalf of the insurer or to perform other functions of an insurance nature that may be assigned to him or her by the insurer, and who in consideration for his or her services receives commission or other remuneration from the insurer;
insurance agent means a person who on behalf of one or more insurers -
insurance agent means a person who, with the authority of an insurer and not being an employee of the insurer, acts on behalf of the insurer in the initiation of the insurance business, the receipt of proposals, the issue of policies, the collection of premiums or the settlement of claims;
insurance agent or "agent" means any person that, in order to sell, solicit, or negotiate insurance, is required to be licensed under the laws of this state, including limited lines insurance agents and surplus line brokers.
insurance agent means those insurance agents or agencies representing the Company or any subsidiary or affiliate thereof, that are exclusive or career agents or agencies of the Company or any subsidiary or affiliate thereof, or any insurance agents or agencies which derive 50% or more of their business revenue from the Company or any subsidiary or affiliate thereof (calculated on an aggregate basis for the 12-month period prior to the date of determination or such other similar period for which such information is more readily available).