What does Dual Agency mean? Read on to discover the definition & meaning of the term Dual Agency - to help you better understand the language used in insurance policies.
A situation in which an individual may serve as an agent for two parties in the same transaction. For instance, court cases have held that insurance brokers can function as agents of (and therefore owe legal duties to) both insureds and insurers in the same transaction.
We hope the you have a better understanding of the meaning of Dual Agency.