What does Retail Agent mean? Read on to discover the definition & meaning of the term Retail Agent - to help you better understand the language used in insurance policies.
An insurance agent who acts as an intermediary between an insured and the marketplace. In some instances, retail agents deal directly with an insurer in arranging coverage, while in others, retail agents work with managing general agents or wholesale brokers to secure coverage for their client-insured.
We hope the you have a better understanding of the meaning of Retail Agent.