Well-established US system under which insurance companies grant to independent contractors the right to effect all insurances and generally represent insurers in their areas or localities. The agents own the records and expirations of the policies issued through them.
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Also known as the independent agency system, a system in which insurance is sold through independent agents.
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The system of selling Insurance through Agents compensated on a commission basis. This is in contrast to the system of selling Insurance through salaried Company representatives who write Insurance for one Company only.
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The system of selling insurance through agents who receive commissions in lieu of salary.