Combination Agent


Definition of "Combination agent"

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Representative of an insurance company who sells ordinary and industrial life insurance policies. In an effort to move their field forces into the ordinary life business, many industrial companies have systematically trained their agents to sell ordinary life policies.

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Popular Real Estate Terms

Ordinary Register

Record of ordinary policies that a combination agent is responsible for servicing. ...

Delivery

Physical handing of an insurance policy to the insured. Sales training emphasizes the importance of delivery of a policy by the agent. This develops a ...

Contribution

Principle of equity in property, casualty, and health insurance. When two or more policies apply to the loss, each policy pays its part of the loss, u ...

Taxation, Interest On Dividends

Interest earned on dividends from a participating life insurance policy left on deposit with the insurance company and subject to taxation. ...

Normal Loss

Particular type of loss which is expected by an organization and for which provision is usually made in the budgeting process of the organization. ...

Redlining

Refusal by an insurance company to underwrite or to continue to underwrite questionable risks in a given geographical area. This is an important civil ...

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