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Definition

  • An insurance professional who offers products directly and exclusively from the insurance company they are employed by. Also known as a "captive agent."

Synonyms
bound employee, restricted agent, confined

Related Terms and Acronyms

  • Captive Agent Definition,
    • An insurance agent who uses a limited number of insurance companies, or a single insurance company, when finding products for their clients.
  • Captive Finance Company Definition,
    • A finance company related to a specific dealer or manufacturer.
  • Insurance (insur) Abbreviation,
    • An arrangement where one party provides financial protection to another party for specific damages or losses.
  • Insurance Broker Definition,
    • An agent who sells insurance policies.
  • Third-party Administrator (TPA) Acronym, Important,
    • A claims administrator that is hired to process insurance claims and/or employee benefits for another party.
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