What does Agent mean? Read on to discover the definition & meaning of the term Agent - to help you better understand the language used in insurance policies.
A person or organization who/that is authorized to act on behalf of another. An insurance agent is a person or organization who/that solicits, negotiates, or instigates insurance contracts on behalf of an insurer and can be independent or an employee of the insurer. Insurance agents are the legal representatives of insurers, rather than policyholders, with the right to perform certain acts on behalf of the insurers they represent, such as to bind coverage.
We hope the you have a better understanding of the meaning of Agent.