Insurance under which the policyholder receives an amount equal to the replacement value of damaged property minus depreciation. An insurance professional who specializes in statistical information. Two types of agents sell Insurance. Independent agents are self-employed business people who typically represent two or more insurance companies and are paid on a commission basis. An agency company is a company that markets products via independent agents.
Exclusive agents represent only one insurance company.
They may be salaried employees or work on a commission basis. The property owned by an insurance company, including stocks, bonds and real estate. The balance sheet lists the insurance company's assets. Insurance coverage for more than one item of property at a single location, or two or more items of property in different locations. An intermediary between a customer and an insurance company who represents the insurance buyer.