independent agencies definition
This section shows local legislation [1] about Definition of Independent agencies relating to local government in Florida. Dictionary Term of the Day Articles Subjects While the policies offered by a captive agent may be less expensive than those offered by an independent agent, it will be difficult for the client to know whether he or she is getting the best deal if only one option is made available. Independent federal agency is a term used to describe an executive agency that operates with some degree of autonomy from the executive branch.
Copy & paste this HTML in your website to link to this page. The Federal Trade Commission and the National Labor Relations Board are examples of an independent agency. Relationships with your clients, suppliers, and most importantly your host agency, are all essential components of your success. A brokerage general agent is an independent firm or contractor working for an insurance company that sells insurance products to select insurance brokers. Independent Aircraft Handling Association, Independent Airport Park and Ride Association, Independent Alpha Five Developers Network, Independent amplitude and frequency modulation, Independent and identically-distributed random variables, Independent Approaches on Parallel Runways, Independent Armored Car Operators Association, Inc, Independent Assemblies of God International. Large corporations are downsizing and moving their businesses to cheaper labor areas. Agents and their host agencies share the commissions earned on the agents' sales. The more companies checked equals a greater chance of finding the best rate for you and your family. An independent test organization is an organization, person, or company that tests products, materials, ... ISO/IEC 17025, and various governing agencies. Independent agencies exist outside the federal executive departments. Independent agencies of the United States federal government are agencies that exist outside the federal executive departments (those headed by a Cabinet secretary) and the Executive Office of the President. An independent agent may be contrasted with a captive agent, who can only sell the products of the company he or she works for. Definition of independent agent: Agents who work as independent contractors within the framework of the independent agency system. Independent agencies can be qualified as either a public authority or a government agency. Independent brokerages are not affiliated with any insurance companies, and they are able to recommend and sell clients any product that is in their best interest.
How to use agency in a sentence. For many individuals at some point in their career they may have to decide whether or not they want to work as an employee or an independent contractor. A captive agent is an insurance agent who only works for one insurance company and is paid by that one company, either by salary, commission, or both. Because the insurance companies pay a commission to the insurance agent when he or she sells a new insurance policy, the agent may push clients to select policies that provide the agent with a higher commission rate. The first step in becoming a successful independent travel agent is to attend travel school to learn about the travel and tourism industry. Independent Agent: An insurance agent that sells insurance policies provided by several different insurance companies rather than a single insurance company. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. These citations [2] represent the year the law was enacted followed by a unique identifying number: 90-442. Additionally, brokerage companies may be either independent or captive. All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only.
Independent executive agencies of the U.S. federal government are those that, while technically part of the executive branch, are self-governed and not directly controlled by the President.Among other duties, these independent agencies and commissions are responsible for the vitally important federal rulemaking process. Independent agency is also known as independent regulatory agency or independent regulatory commission. Definition of Independent Agencies, "Definition of Independent Agencies" florida.lawi.us. Required fields are marked *. You should contact a lawyer licensed in your jurisdiction for advice on specific legal problems. For employers this can be an important decision also as there are numerous tax and regulatory ... A short sale is a real estate transaction for the purchase of a home before a bank forecloses on it. For employers this can be an important decision also as there are numerous tax and regulatory ... Government Aide for Minority Small Business Owners, Business Dictionary's Term of 2014 - Tax Inversion. Independent agents are insurance agents or brokers that are not employed by any specific insurance agency. "The views expressed in this entry are those of the author/s and do not necessarily reflect the views of the American Encyclopedia of Law. Independent insurance agents, like independent financial advisors, are thought to be able to provide their clients with a wider array of options when it comes to insurance products. This section shows local legislation [1] about Definition of Independent agencies relating to local government in Florida. Independent travel agents usually affiliate with host agencies that support independent agent businesses, according to Hcareers. For guidance on citing Definition of Independent Agencies (giving attribution as required by the CC BY licence), please see below our recommendation of "Cite this Entry". Advertisement.
Copy & paste this HTML in your website to link to this page. Encyclopedia of Law: The equivalent to a print encyclopedia with 178 volumes. However, if the independent agent does not sell the policies offered by an insurance company that is conducting a large branding advertising campaign, the benefit will be limited. These agencies are generally headed by a commission or board made up of five to seven members. Purposes. Independent agents and insurance brokerage companies both take the sales approach of representing the customer first and offering a variety of products from different insurers. Define independent agency.
Local laws (related to Definition of Independent agencies or otherwise) that were subsequently repealed or superseded are included in this Florida legal encyclopedia as part of the historical record.
Agency definition is - the office or function of an agent.
They take into account the different coverage needs of the client and select a policy that provides the necessary coverage at a reasonable price. An independent agent is an insurance agent that sells insurance policies provided by several different insurance carriers, rather than just a single insurance company. One of the major benefits of working with independent agents includes getting many quick quotes from multiple insurance carriers. https://www.thefreedictionary.com/independent+agency, The Ministry of Education will authorize an, Singapore, Mar 16, 2011 - (ACN Newswire) - Launching the newly designed 2011 website today, the Spikes Asia Advertising Festival have announced that they will be introducing Mobile and PR as two new entry categories and honouring the, Summary: JEDDAH: Saudi lawyer Khaled Al-Nowaiser has called for the creation of an, Bachus disagrees with the Democratic proposal for an, The mishap, the latest in a string that has dogged the Metro in recent days, sparked calls for an inquiry by an, The House version would create a similar merger of all highway operations, including the Turnpike Authority and park road division as well as the Registry of Motor Vehicles, under a large, Breitstone will be responsible for growing and developing the ASPN platform, which is a distribution system to the, SWIIS Foster Care, based in Newcastle and Darlington, is a thriving, A group of social and cultural thinkers, artists and teachers, for over 25 years K&S has planned and organized cultural projects for children, youth and adults as an, In essays on Macbeth and Romeo and Juliet, Snyder views the way in which the Althusserian notion of ideology (subversive prophecies and family feuds respectively) enfolds characters in behavior that restricts free will and, Dictionary, Encyclopedia and Thesaurus - The Free Dictionary, National Aeronautics and Space Administration, National Archives and Records Administration, the webmaster's page for free fun content, Board toughens rules for acquiring driver's licenses, Spikes Asia Unveils New Look Website; Announces Addition of PR & Mobile Categories and Independent Agency of the year Award, Lawyer calls for independent agency to fight commercial fraud, Congress takes on consumer protection in home lending, Transit plan similar to Senate's; Worcester airport sale in House bill, Agency Specialty Product Network Insurance Services Inc, Communication agency leaders review what's new at their shops, Independent Aboriginal Screen Producers Association, Independent Administration of Estates Act, Independent Administrative Reform and Civil Service Commission, Independent Advisory Committee on Development Impact, Independent Advisory Group on Teenage Pregnancy, Independent agencies of the United States government. Independence in Daily Living [Veterans' Relief]. Independent Insurance Agents and Brokers of America is a U.S.-based organization of professionals that sell insurance and financial services products. Definition of Construction Licensing Board, Passenger Carriers Traversing Waters of Port District Regulation, Dorothy S. Dorion Physical Fitness Center, Loxahatchee River Environmental Control District, Constable Arthur Fleece Crenshaw Memorial Highway, (2017, 03). American Agency System is a method of selling insurance policies in which independent agents locate the best insurance policies for their customers. Independent agency is a federal agency, commission, or board that is not under the direction of the executive.
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independent agency: A regulatory agency part of the government of the United States established by Congress but works independently of the executive governmental departments in a supervisory role.
It is beneficial for a customer to work with an independent agent because he will be able to quickly research multiple policies and rates across various companies. Many good hard working people have found themselves on the unemployment line.
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