Skip to content

Insurance Answer Center

Ask an Expert

Ask an Expert

Anna Jonson: auto and Home Insurance Specialist

Have an insurance-related question? We’re here to help. Send us your question and we will contact you shortly.

  • All
  • Auto
  • Home
  • Insurance Terms
    • A-D
    • E-M
    • N-S
    • T-Z
  • Infographics
  • Videos

Insurance Terms

Independent Agency System

Posted by admin

This is a system within which independent contractors, known as agents, sell and service insurance solely on a commission or fee basis. They usually have appointments with one or more insurance companies. These carriers acknowledge that they recognize the agent’s ownership, use, and control of policy records and expiration data.

June 22, 2011

Related Posts

Apartment Smells: How to Get Rid of Odors from Neighbors

How to Get Rid of Smoke and Other Odors in an Apartment

Have you ever found yourself wondering, “Why does my apartment smell?” If you live in an apartment or a multi-family...

Posted by AnswerFinancial

Ride your motorcycle to work day

Ride to Work Day is in June

According to the National Highway Traffic Safety Administration, the second Tuesday in June each year is the annual motorcycle and...

Posted by AnswerFinancial

Father and son grilling barbeque

Stay safe with these hot grilling tips

During this time of year, the weather is getting warmer and it’s a great time to fire up the grill...

Posted by AnswerFinancial

Compare Quotes From Top-Rated Insurance Companies

or

Call: 1-800-258-5101

Tags

Answer Financial ATV insurance auto insurance boat insurance commercial insurance condo insurance deductible distracted driving emergency kit flood insurance Home insurance Insurance Lapsed Coverage motorcycle insurance personal finance personal finances Pet Insurance rental car insurance renters insurance rideshare insurance RV insurance salvage title Savings small business insurance Spring Cleaning teen driver traffic school travel insurance uber umbrella insurance