Captive agent

Captive agent,

Definition of Captive agent:

  1. A captive agent is an insurance agent who only works for one insurance company. A captive agent is paid by that one company, usually with a combination of salary and commission, plus benefits. They may be a full-time employee or an independent contractor.

  2. Insurance agents can choose to be either captive agents or independent agents. Captive agents work for only one insurance company whereas an independent agent does not work for any particular insurance company but rather can sell policies from an array of companies.

  3. An agent who represents one insurance company exclusively.

How to use Captive agent in a sentence?

  1. A captive agent is an insurance agent that works for only one insurance company.
  2. Captive agents only sell the products of the insurance company they work for and cannot help individuals outside of that offering.
  3. Captive agents are usually paid a salary and commission and are provided with benefits.
  4. The disadvantages of being a captive again include cumbersome contracts, selling only specific products, and products that may not be in the best interest of the client.
  5. The advantages of being a captive agent include the benefits of working for a company, such as administrative tasks, a national advertising budget, and a client list.
  6. The opposite of a captive agent is an independent agent that works for many insurance companies.

Meaning of Captive agent & Captive agent Definition

Captive Agent,

Definition of Captive Agent:

  1. A simple definition of Captive Agent is: A captive agent is an insurance agent who sells insurance products to only one company, as opposed to many different companies. Prisoner agents are not necessarily employees of insurance companies, but they can be. The insurance company pays them in the form of salaries, commissions or a combination of both.

  2. A simple definition of Captive Agent is: A person who represents only one insurance company and is bound by an agreement to offer business to other companies, unless previously rejected by the company's own agent.

  3. Individual insurance companies or insurance company fleet representatives who only need to provide business to that company or, at the very least, to grant it premature rights in the sale. In return, these insurers often offer internal reimbursement for office expenses, as well as a long list of employee benefits such as years, life insurance, health insurance, and credit unions.

  4. A person who sells or manages insurance contracts for a particular insurance company or fleet of insurance companies.

  5. You can define Captive Agent as, A kidnapping agent is a person who acts on behalf of an insurance service provider and only sells policies made by that provider.

Literal Meanings of Captive Agent

Captive:

Meanings of Captive:
  1. A person who has been caught or a caged animal.

  2. Blocked or blocked.

Sentences of Captive
  1. Police handcuffed the detainees

  2. This property is used to hold prisoners of war.

Synonyms of Captive

incarcerated, confined, penned up, inmate, prisoner, caged, detainee, convict, locked up

Agent:

Meanings of Agent:
  1. A person who works on behalf of another person or group.

  2. Someone or something that plays an active role or has a special effect.

Sentences of Agent
  1. In case of illness, your nephew can act as a legal representative with unlimited powers.

  2. In general, colleges are liberal classes that often see themselves as agents of social change.

Synonyms of Agent

factor, broker, spokesman, means, spokeswoman, spokesperson, trustee, go-between, vehicle, business manager, negotiator, envoy, proxy, mouthpiece, representative, frontman, surrogate, delegate, instrument, medium, liaison, emissary

Captive Agent,

What is The Definition of Captive Agent?

  • A prisoner agent is an insurance agent who, unlike many different companies, sells insurance contracts to only one company. Captive agents are not necessarily employees of insurance companies, but they can be. Insurers pay them in the form of salary, commission or both.

  • A simple definition of Captive Agent is: One person represents only one insurance company and is bound by the agreement to offer the business to another company, provided the property brokerage company does not refuse in advance.

  • Representatives of the insurance company or the fleet of insurance companies only need to budget for that company, or at least give the company the right to process the initial sale. In return, these insurers often offer in-house agent payments for office expenses, as well as a long list of employee benefits such as annuals, life insurance, health insurance and credit unions.

Literal Meanings of Captive Agent

Captive:

Meanings of Captive:
  1. The person caught or the caged animal.

  2. Block or block

  3. (Facilities or services) are controlled and commonly used by an organization.

Sentences of Captive
  1. The prisoners were released after the kidnappers reportedly paid a ransom.

  2. Captive plant

Synonyms of Captive

prisoner of war, restricted, shackled, bondsman, yardbird, in captivity, imprisoned, internee, chained, secure, restrained, in ■■■■■■■, (old) lag, POW, jailbird, slave, taken prisoner, detained, interned, behind bars, hostage, captured, ensnared, jailed

Agent:

Meanings of Agent:
  1. Someone who works on behalf of another person or group.

Sentences of Agent
  1. These teachers see themselves as agents of social change.

Synonyms of Agent

power, force

CAPTIVE AGENT,

What Does CAPTIVE AGENT Mean?

A person represents only one insurer and, by agreement, is prohibited from presenting the business to another company unless previously rejected by the insurer itself.

Individual insurance companies or insurance company fleet representatives only need to offer business to that company or, at the very least, give that company the first right to seek sales. In return, these insurers often offer in-house agent payments for office expenses, as well as a long list of employee benefits such as annuity, life insurance, health insurance, and credit unions.

Literal Meanings of CAPTIVE AGENT

CAPTIVE:

Meanings of CAPTIVE:
  1. A trapped person or caged animal.

  2. (Facilities or services) are controlled and are usually used exclusively by an organization.

Sentences of CAPTIVE
  1. Prisoner plant

Synonyms of CAPTIVE

fettered, in ■■■■■■■, in prison, under lock and key, under restraint