Learn about the exclusive agency system in insurance, where agents only represent one company or give them the right of first refusal. Understand its benefits and drawbacks.
Understand the process of recruiting in the insurance industry, particularly focusing on hiring agents, and learn how it plays a crucial role in ensuring quality service.
Learn what a resident agent is in the field of general insurance. Discover the qualifications and responsibilities of agents who live and conduct business in the same state.
Learn about the concept of overriding commission in general insurance, where agents or brokers receive a commission on business sold by subagents. Explore its significance and impact in the insurance sector.
Learn about controlled insurance, a type of insurance policy influenced by agents or brokers rather than by standard agreements. Discover its implications and how it differs from other policy types.
Learn about sub agents in general insurance. Discover their roles, responsibilities and how they differ from direct agents in the insurance ecosystem.
Learn about the concept of control in general insurance terms, which refers to the power to position insurance as seen fit by an agent or broker, granted by the policy owner.
