What is the Definition of Agency Companies?

What is the Definition of Agency Companies?

Companies that market and sell products via independent agents.

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Insurance?

What is the Definition of Agency Companies?

What is the Definition of Agency Companies?

Check out other definition of insurance terms below:


What is the Meaning of POLICYHOLDERS’ SURPLUS In Insurance Terms?

The amount of money remaining after an insurer’s liabilities are subtracted from its assets. It acts as a financial cushion above and beyond reserves, protecting policyholders against an unexpected or catastrophic situation.


What is the Meaning of POLITICAL RISK INSURANCE In Insurance Terms?

Coverage for businesses operating abroad against loss due to political upheaval such as war, revolution, or confiscation of property.


What is the Meaning of POLLUTION INSURANCE In Insurance Terms?

Policies that cover property loss and liability arising from pollution-related damages, for sites that have been inspected and found uncontaminated. It is usually written on a claims-made basis so policies pay only claims presented during the term of the policy or within a specified time frame after the policy expires. (See Claims made policy)


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