Registered Representative


Definition of "Registered representative"

Wayne Hemmerich
Wayne Hemmerich RE/MAX Realty One

Individual licensed to sell securities to the public. For example, to sell variable annuities and variable life insurance products and mutual funds, an insurance agent is required to pass examinations given by the National Association of Securities Dealers.

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Popular Real Estate Terms

Minimum Deposit Whole Life Insurance

Ordinary life insurance that generates a first year cash value from the payment of the first year premium. Using this cash value, loans could be made ...

Bond, Bankers Blanket

Same as term Bankers Blanket Bond: coverage for a bank in the event of loss due to dishonest acts of its employees or individuals external to the bank ...

Add To Cash Value Option

new dividend option under which the policyowner allows the dividends from the participating policy to be applied for the purposes of accumulating cas ...

Memorandum Clause

Provision in ocean marine cargo policies to limit an insurance company's liability for partial losses; the company has liability only for losses that ...

Worker Adjustment And Retraining Notification Act (warn)

Federal law, effective February 4, 1989, that requires company notification of employees prior to laying them off or closing a plant or an office. Wor ...

Flat Cancellation

Cancellation of an insurance policy on the date that policy becomes effective. This type of cancellation does not require any fees to be paid to the i ...

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