What Does General Agency System Mean?

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

General Agency System

General Agency System

A life insurance marketing system whereby a general agent is delegated responsibility for a geographic territory. Field agents, agents who sell insurance, report to an agency supervisor who reports to a general agent.

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

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