Nonresident Agent


Definition of "Nonresident agent"

James  O Gross
James  O Gross Absolute Real Estate

Agent who is licensed and who markets and services insurance policies in a state in which he or she is not domiciled.

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Popular Real Estate Terms

Past Service Liability—initial

Funding of an employee's benefits in a pension plan for his or her beginning past service of employment. This is a significant cost factor in pension ...

Office Personal Property Form

Endorsement to many commercial property insurance policies that covers office equipment. Coverage includes all equipment, whether or not owned by an i ...

Absolute Liability

Liability without fault; also known as liability without regard to fault or strict liability. Absolute liability is imposed in various states when act ...

License

In insurance, legal authority obtained by an insurance company, agent, broker, or consultant that permits them to do business in a particular state. T ...

Commercial Credit Insurance

Coverage for an insured firm if its business debtors fail to pay their obligations. The insured firm can be a manufacturer or a service organization b ...

Contingency Surplus

Same as term Contingency reserve: percentage of total surplus retained, in insurance company operations, that serves as a reserve to cover unexpected ...

Popular Real Estate FAQ

What Do I Need To Know About Motorcycle Insurance?

You need an insurance policy that is tailored in your needs in mind. Take liability for example. Guest passenger liability helps protect you bodily in ...

What Do I Need To Know About Watercraft Insurance?

You need separate coverage for the variety of risks you face when storing, launching, hauling or running your seaworthy vessel. Boats, and other water ...

What Should I Do If I'm In An Accident?

1.- Stay Calm. Determine the injuries and or damage. 2.- Call the police. File an accident report and obtain medical assistance if needed. 3.- L ...

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your agent\'s help, may speed things along. ...

What Do I Need To Know About Auto Insurance?

Choosing the auto insurance requires consideration of manyfactors- Take into account everything you own and the reasons to protect them. The year of ...

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 your home, you need to safeguard it with the prope ...

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