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Definition of '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.
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Investopedia explains 'Brokerage General Agent'
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.
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Search results for 'Brokerage General Agent'
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http://www.investopedia.com/articles/basics/04/042304.asp
Brokerage Functions: Underwriting And Agency Roles. ... In general, the underwriting
firm is concerned that the price ... firms simply act as an agent or intermediary ...
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http://www.investopedia.com/exam-guide/series-7/equities/equity-term.asp
... class of equities, you will also need to know these general terms ... of the issuing
corporation, the number of shares, the registered owner and the transfer agent. ...
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http://www.investopedia.com/professionals/usarchive.asp
... Series 24 - General Securities Principal (GP) Focuses on NASD regulations, brokerage
office operations ... to act as either a principal or agent in equity ...
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http://www.investopedia.com/articles/mortgages-real-estate/08/downmarket-buying.asp
... records and home-sale information available to the general public on ... and Finding
A Listing Agent ... at Cantone Research, a New Jersey-based regional brokerage firm ...
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http://www.investopedia.com/articles/02/011602.asp
... of easy sales found in the general stock market. ... over 1,000 companies had DRIPs
(excluding brokerage run DRIPs ... runs the plan - the company or a transfer agent? ...
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http://www.investopedia.com/articles/02/101802.asp
... company is a household name, like General Electric, chances ... With the CUSIP number
the brokerage will be able to ... need to locate the name of the transfer agent. ...
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http://www.investopedia.com/articles/financialcareers/07/broker_trader.asp
... a broker is also a sales agent and is ... Questions.) In addition to the General Securities
Registered ... Many brokerage firms and investment companies will accept ...
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http://www.investopedia.com/articles/pf/07/flippers.asp
... an accountant, a home inspector and an insurance agent can ensure ... In general, either
you have it or you'll ... Research, a New Jersey-based regional brokerage firm ...
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http://www.investopedia.com/articles/pf/08/renting-vacation-home.asp
... out Do You Need A Real Estate Agent?) 2. Consult ... be cheaper in the long run because
no brokerage fee will ... As a general rule, before signing a vacation rental ...
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http://www.investopedia.com/articles/financialcareers/07/different_designations.asp
... be said that the Enrolled Agent designation allows tax ... that it tends to embrace general
financial planning ... in retail, discount and bank brokerage systems and ...
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