Selling Agents
Definition of "Selling agents"
Coverage that provides for the indemnification of a salesperson for the amount of his or her lost commission on a product to be sold that cannot be produced because of damage incurred by the manufacturer or that, once produced, cannot be delivered by the manufacturer because of damage incurred.
Popular Insurance Terms
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Fee paid to an insurance salesperson as a percentage of the premium generated by a sold insurance policy. ...
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Written contract between an insured and an insurance company stating the obligations and responsibilities of each party. ...
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