Captive Agent

Definition of "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 refusal rights on a sale. In exchange, that insurer usually provides its captive agents with an allowance for office expenses as well as an extensive list of employee benefits such as pensions, life insurance, health insurance, and credit unions.

Search Real Estate Glossary

Related Real Estate Glossary terms

Inspector

Person who has the responsibility for examining the risk to determine whether or not to insure it. ...

Unit In Place Method

Approach to valuing property based on its replacement cost. The cost of each major element of the pr ...

Deficiency

Additional tax liability that the IRS deems to be owed by a taxpayer. A taxpayer can argue the corr ...

Interest Sensitive Cash Flow Analysis

Measurement of the response of the cash flow of an insurance company to various interest rate scenar ...

Character Of A City

Charm, ambiance and allure of a city that becomes its overall unique appeal. For example, San Franci ...

Patterson V. Shumate

Legal case in which the United States Supreme Court held that pension assets are to be excluded from ...

Related Real Estate FAQ

How Much Income Do I Need ?

Mortgage companies use ratios to analyze your mortgage payment. The housing payment ratio (or front ...

What Do I Need To Know About RV Insurance?

Your motor home can be both your transportation and your home away from home. So like your auto and ...

What Is A Broker?

An agent who is authorized to open and run his/her own agency. All real estate offices have one prin ...

What Is A Term?

A term is the length of a loan. ...

What Is A Conventional Mortgage?

A conventional mortgage is a mortgage made by banks and other lending institutions that is not insur ...

Is Depreciation Common?

Generally, real property never depreciates in value, or more so, it is not very common for property ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews

Agents join here

Add our widget on your Website

Real Estate Advice

Home Prices - The Extra Costs Getting Ready to Sell? Don't make these DIY Mistakes! What is Earnest Money When to buy a house Foreclosure - The Pros and Cons of Buying

FAQ

How big is an acre? What is a lease purchase mortgage? What do I need to know about Term Life Insurance? What is a wraparound mortgage? What do I need to know about Managed Care Insurance: HMO, PPO, & and POS plans?