General agents are contracted to represent their clients in specific types of transactions or proceedings over a period. They have broad authority to act, but only within a limited sphere. For example, a talent agent for an actor is a general agent.
What is a general agent?
1. : one employed to transact generally all legal business entrusted by a principal. : an insurance company agent working within a specified area.
What is the difference between a broker and a general agent?
Agents represent insurance companies. Brokers represent their clients. Brokers have a fiduciary duty to their clients, which agents do not. This means that agents do not play an advisory role in the process as brokers do.
What is the role of the agent general?
An Agent-General (French: Dlgu gnral or Dlgue gnrale, masculine and feminine respectively) is the representative in cities abroad of the government of a Canadian province or an Australian state and, historically, also of a British colony in Jamaica, Nigeria, Canada, Malta, South Africa, Australia or New
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Managing General Agent (MGA) Appointment and Termination
An insurer must file an amended MGA Appointment Form with the Department within 30 days of any change, including termination of appointment.
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