A retailer of insurance who, by contractual arrangement with a number of insurance companies, sells and services property and liability insurance. The independent agent owns the policy information and expiration dates of his client’s coverage and thus controls renewals and their placement.
***
Agents who work as independent contractors within the framework of the independent agency system.
***
US: an independent business person who usually represents two or more insurance companies in a sales and service capacity and who is paid on a commission basis.
***
MEDICAL,USA: Self-employed insurance company representative who may represent two or more insurance companies and is paid on a commission basis.