MLchartDataset catalogue

Agency agreement

Term · Insurance and risk management · MLC-T-INS-000355

A formal contract between an insurance company and an insurance agency or agent, outlining the terms and conditions of their business relationship. This agreement specifies the agent's authority, commission structure, responsibilities, and the types of policies they are authorized to sell. It also defines the geographical territory and reporting requirements.

Table 1. Record
IdentifierMLC-T-INS-000355
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-000355",
  "term": "Agency agreement",
  "field": "Insurance and risk management",
  "definition": "A formal contract between an insurance company and an insurance agency or agent, outlining the terms and conditions of their business relationship. This agreement specifies the agent's authority, commission structure, responsibilities, and the types of policies they are authorized to sell. It also defines the geographical territory and reporting requirements.",
  "url": "https://mlchart.com/terminology/insurance/agency-agreement/"
}

Record 86 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.