INSURANCE CONSORTIUM: What is the Meaning of INSURANCE CONSORTIUM?
The definition of INSURANCE CONSORTIUM is: A franchise agreement for independent insurance agents that provides independent contractors to partner with each agent on account management, freeing clients to track critical and profitable accounts. The franchise agreement allows the agency to not only gain maximum visibility through collective advertising, but also to participate in the benefits of training, etc. It is now comparable to real estate franchises across the country.
Literal Meanings of INSURANCE CONSORTIUM
Meanings of INSURANCE:
The process or arrangement under which a company or government agency guarantees some loss, injury, illness or death in return for premium payments.
Anything that provides protection against possible emergencies.
Sentences of INSURANCE
Adherence to high standards of personal conduct is the best protection against personal problems.
Synonyms of INSURANCE
shelter, protection, safeguard, immunity, cover, financial protection, security, precaution, safety measure, indemnity, indemnification, defence, provision, preventive measure, surety
Meanings of CONSORTIUM:
An association, usually consisting of several trading companies.
The right to partnership and companionship with a spouse.
Sentences of CONSORTIUM
Examples of hybrid organizations are joint ventures and consortia that maximize resources, especially the exchange of information between organizations.
This will create opportunities for Irish unions and consortia.
In this regard, it is assumed that several consortia of regional development agencies are being formed.
Leading automakers are forming a consortium for online delivery of vehicle assembly equipment.
There were 13 expressions of interest in the government building a second terminal, most of them from international consortia.
In the consumer electronics and information technology industries, these consortia are often an integral part of introducing new technologies.
The six consortia telecommunications have foreign expertise, significant financial support from Irish and foreign sources, and an Irish identity on the ground.
Each of the six consortia has a strong member of the overseas telecom industry, significant financial support from Irish and international sources, and each includes an Irish member.
Overseas arms production is known to have led to the existence of international consortiums in many countries around the world.
None of the six countries of the consortium has been instructed to operate within the financial limits and the actual extent of the associated costs will not be disclosed until they are proposed.
Synonyms of CONSORTIUM
league, union, partnership, amalgamation, confederation, confederacy, federation, conglomerate, corporation, consortium, cooperative, coalition, syndicate, guild, merger