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- Dictionaryagent general
noun
- 1. the representative of an Australian state or Canadian province in London or another major foreign city.
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Feb 29, 2024 · General agents are insurance agents who sell insurance products to other insurance agents or brokers. The other insurance agents and brokers then sell these products to the people or companies who will be using the insurance.
Oct 19, 2022 · An agent, in legal terminology, is a person who has been legally empowered to act on behalf of another person or an entity. An agent may be employed to represent a...
In insurance, a managing general agent is defined legally as "an individual or business entity appointed by an underwriting insurer to solicit applications from agents for insurance contracts or to negotiate insurance contracts on behalf of an insurer and, if authorized to do so by an insurer, to effectuate and countersign insurance ...
Dec 12, 2021 · noun. 1. : one employed to transact generally all legal business entrusted by a principal. 2. : an insurance company agent working within a specified area. Examples of general agent in a Sentence. Recent Examples on the Web Business be damned, Whitney’s still bringing it as a general agent of chaos.
Normally, the general agent is a business agent, but there are circumstances under which an individual may appoint a general agent for personal purposes. One common form of a personal general agent is the person who holds another’s power of attorney.
A Managing General Agent (MGA) is an agency that is contracted to perform various business functions, such as underwriting, binding, policy administration, claims, and distribution, on behalf of (re)insurance companies.
Jul 8, 2021 · A brokerage general agent is an independent firm or contractor working for an insurance company. A brokerage general agent's main role is to sell one or more...
Definition of agent general noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
Definitions of general agent. noun. someone authorized to transact every kind of business for the principal. synonyms: universal agent. see more. noun. an agent who sells insurance. synonyms: insurance agent, insurance broker, underwriter. see more.
Jun 24, 2022 · A managing general agent (MGA) is a type of insurance agent who has the authority to underwrite insurance policies. Underwriting means an MGA can assess a customer's risk and offer them insurance. Traditional insurance agents sell insurance policies to customers.
