What Does Agency Agreement Mean?

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What does Agency Agreement mean? Read on to discover the definition & meaning of the term Agency Agreement - to help you better understand the language used in insurance policies.

Agency Agreement

Agency Agreement

A written contract stipulating the arrangement between an insurance agency and the insurer it represents. Important details such as ownership of renewals, commission percentages, and duties and responsibilities of each party are usually spelled out in this agreement.

We hope the you have a better understanding of the meaning of Agency Agreement.

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