Brokerage Supervisor
Definition of "Brokerage supervisor"
Employee of the insurance company who has the authority to appoint brokers on behalf of the insurance company. This supervisor has the objective and responsibility to sell the insurance company's products to the appointed brokers who in turn sell these products to the general public.
Popular Insurance Terms
Same as term Captive Agent: representative of a single insurer or fleet of insurers who is obliged to submit business only to that company, or at the very minimum, give that company first ...
Legislation that makes insurance fraud a federal crime. This act is part of the Omnibus Crime Bill. Under the act, it is a federal crime to embezzle or misappropriate funds, money, or ...
Proposal, endorsed by then-President Bush and Secretary of the Treasury Nicholas Brady, which expands in a significant manner the number of individuals who could take advantage of the ...
Rider attached to an ordinary life insurance policy that allows the policy owner to deposit excess premium payments into a separate account from which they can be withdrawn to meet premium ...
Agents, managers, and office personnel serving in the branches of an insurance company. ...
Rate-making division of insurance services offices (ISO) for inland marine insurance coverages of member companies. ...
In some states, principle of tort law providing that in the event of an accident each party's negligence is based on that party's contribution to the accident. For example, if in an auto ...
Smallest premium necessary to keep the life insurance policy in force regardless of the current mortality, interest, and expense experience of the insurance company. This type of premium is ...
Essential parts of insurance policies that explain the meanings of important words and phrases found in those policies. ...
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