Brokerage General Agent

Brokerage General Agent
An independent firm or contractor working for an insurance company whose main function is to sell one or more insurance products to select insurance brokers. Brokers then sell the policies to their clients. Brokerage general agents can specialize in one segment of the insurance industry or sell policies across a wide range of insurance companies.

In addition to selling policies, many brokerage general agents provide a wide variety of supportive services for individual brokers, including taking online applications, tracking cases, providing immediate policy quotes and answering underwriting-requirement questions.

There are numerous general industry associations and interest groups serving brokerage general agents, including the National Association of Insurance and Financial Advisors (NAIFA), National Brokerage Agencies and the Independent Insurance Agents and Brokers of America. These associations lobby on behalf of members’ interests, provide professional training opportunities and promote industry best practices.

Brokerage general agents may also belong to niche trade groups targeting their specific industry focus, such as the Society of Underwriting Brokers (SUB) for life insurance or the National Association of Health Underwriters (NAHU) for health insurance. Many national associations also have regional, state or local chapters.


Investment dictionary. . 2012.

Игры ⚽ Поможем решить контрольную работу

Look at other dictionaries:

  • general — gen·er·al / jen rəl, je nə / adj 1: involving, applicable to, or affecting the whole 2: involving, relating to, or applicable to every member of a class, kind, or group 3: not confined by specialization or limitation 4: relating to, determined by …   Law dictionary

  • BGA — Ball Grid Array (Academic & Science » Electronics) * Battle Ground Academy (Academic & Science » Universities) * Behavior Genetics Association (Medical » Human Genome) * British Go Association (Community » Sports) * Banco Ganadero, S. A.… …   Abbreviations dictionary

  • Real estate broker — This article is about the North American practice. For other definitions and practices in other countries, see Real estate. For real property, see Real property. Realtor redirects here. For the real estate industry trade association that refers… …   Wikipedia

  • agency — /ay jeuhn see/, n., pl. agencies. 1. an organization, company, or bureau that provides some service for another: a welfare agency. 2. a company having a franchise to represent another. 3. a governmental bureau, or an office that represents it. 4 …   Universalium

  • Primerica — Primerica, Inc. Type Public (NYSE: PRI) Industry Financial Services …   Wikipedia

  • Primerica Financial Services — Infobox Company name = Primerica Financial Services company type = Subsidiary parent = Citigroup company slogan = Help families become debt free and financially independent foundation = February 10, 1977 location = 3120 Breckinridge Blvd. Duluth …   Wikipedia

  • Business broker — A business broker is a person or firm who/which acts as an intermediary between sellers and buyers of small businesses. Business brokers, also called business transfer agents, or intermediaries, assist buyers and sellers of privately held small… …   Wikipedia

  • Insurance broker — An insurance broker (agent) sources (brokes) contracts of insurance on behalf of their customers.Insurance brokerage in the UKThe term Insurance Broker became a regulated term under the Insurance Brokers (Registration) Act 1977 [ [http://www.biba …   Wikipedia

  • Flat-fee MLS — (sometimes referred to as flat rate mls or fixed fee mls ) refers to the practice in the real estate industry of placing pertinent information about a property for sale into the database of the local Multiple Listing Service (MLS) for a set fee… …   Wikipedia

  • Economic Affairs — ▪ 2006 Introduction In 2005 rising U.S. deficits, tight monetary policies, and higher oil prices triggered by hurricane damage in the Gulf of Mexico were moderating influences on the world economy and on U.S. stock markets, but some other… …   Universalium

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”