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Coverage type. What it covers. Liability. This coverage steps in if you or a listed driver on your policy causes property damage and/or injuries to another person caused by an accident in which ...
Just as there is a potential conflict of interest with a broker, an agent has a different type of conflict. Because agents work directly for the insurance company, if there is a claim the agent may advise the client to the benefit of the insurance company. Agents generally cannot offer as broad a range of selection compared to an insurance broker.
Managing General Agents filled that need by providing local resources who were able to properly underwrite the risks, service the policies, and handle claims. As technology has evolved and many of the obstacles associated with conducting business in a distant geographic location were overcome, many insurance carriers have stopped using Managing ...
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An agent of record (AOR) is an individual or legal entity with a duly executed contractual agreement with an insurance policy owner in line with the prevailing legal norms and regulations of the region in which the contract was entered. The agent of record has a legal right to receive commissions from the respective insurance policy.
On the Web, a user agent is a software agent responsible for retrieving and facilitating end-user interaction with Web content. [1] This includes all web browsers , such as Google Chrome and Safari , some email clients , standalone download managers like youtube-dl , and other command-line utilities like cURL .
SECU Maryland began its operation in 1951 with then-Governor Theodore McKeldin as its first member. [9] In the spring of 1953, it opened its first office. From 1959 to 1975, its operational head office moved within Baltimore multiple times.