producers 1

agency

someone or a company thats allowed to sell insurance stuff and gets paid for it

captive agency

an insurance agency that only sells stuff from one insurance company

independent agent

insurance agent who works with several companies so clients get more choices

direct response

selling insurance straight to people often online or with ads without using agents

express authority

what an agent is explicitly allowed to do according to a written agreement

implied authority

the power an insurance agent has thats not written down but understood because of their job and whats normal in the industry

apparent authority

how an agent seems to have authority to others, even if they dont actually because of what they say or do

insurance agent

a person who transacts insurance

insurance broker

someone who gets paid to handle insurance (besides life insurance) for someone else, but not for a company that's officially allowed to do business

property

protects your stuff from most risks like fire theft and some weather damage

casualty

insurance excluding life health and property

life settlement

the sale of a life insurance policy to a third party

insurance solicitor

assists insurance agents/brokers with coverage for things like death injury disability or property damage

surplus line broker

places insurance with non admitted insurers covering risks other than aircraft and certain marine/transportation risks