Definition

Agency agreement

Agency agreement mean contract between an insurance agent and insurance company that describes the powers, rights, and duties of the agent.

Share it:  Cite

More from this Section

  • Anchor currency
    Anchor currency is a currency to which other countries’ currencies are pegged. ...
  • Endorsement
    Endorsement writing on the back of an instrument (e.g. Bill of Exchange). ...
  • Asset value
    Asset value is the net market value of a corporation's assets on a per-share basis, not ...
  • Securitization of risk
    Securitization of risk is a term to describe the transfer of an insurable risk to the ...
  • Appraisal ratio
    Appraisal ratio is the signal-to-noise ratio of an analyst's forecasts. The ratio of alpha ...