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Related Definitions
Multiple line exclusive agency system Multiple line exclusive agency system under this marketing system, agents who sell primarily property and casualty insurance also sell individual life and health insurance products. The agents represent only one insurer or group of insurers that are financially interrelated
Independent agency system Independent agency system is a type of property and casualty insurance marketing system, sometimes called the American agency system, in which the agent is an independent businessperson
Funding agency Funding agency is a financial institution that provides for the accumulation or administration of the contributions that will be used
Exclusive agency system Exclusive agency system is type of insurance marketing system under which the agent represents only one company or group of companies under common ownership.
In the property and casualty industry, insurers that use this marketing
Agency agreement Agency agreement mean contract between an insurance agent and insurance company that describes the powers, rights, and duties of
Agency cost view Agency cost view is the argument that specifies that the various agency costs create a complex environment in which total agency
Agency incentive Agency incentive arrangement means of compensating the broker of a program trade using benchmark prices for issues to
Agency pass-throughs Agency pass-throughs refer Mortgage pass-through securities whose principal and interest payments are guaranteed by government agencies, such as the Government National
Agency securities Agency securities are a securities issued by federally related institutions and U.S. government-sponsored entities. Such
Agency bank Agency bank is a form of organization commonly used by foreign banks to enter the US market. An agency bank cannot accept deposits or extend loans in its own name; it acts as agent for the parent bank.
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