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Home Insurance Glossary Terms  4 A B C D E F H I J L M N O P Q R S T U V W

Agent


There are different types of insurance agents. The "independent agent" usually represents two or more insurance companies in a sales and service capacity. Independent agents are paid by the insurance companies on a commission basis. An "exclusive agent" represents one insurance company and is also paid by the insurance company on a commission basis. The "direct writer" is a salaried or commissioned employee of a single insurance company and acts as its agent.

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