Insurance Agent

Definition of "Insurance agent"

Representative of an insurance company in soliciting and servicing policyholders. An agent's knowledge concerning an insurance transaction is said to be the knowledge of the insurance company as well. Wrongful acts of the agent are the responsibility of the company; these bind the company to the customer. Notice given by an insured to the agent is the same as notice to the company.

Search Real Estate Glossary

Related Real Estate Glossary terms

Related Real Estate FAQ