Exclusive agency system

Term · Insurance and risk management · MLC-T-INS-001383

A distribution model where agents, known as captive agents, represent and sell insurance products for a single insurer or a group of affiliated insurers. These agents are independent contractors but are contractually obligated to work exclusively for one company. The insurer provides administrative support, training, and an established brand, and in return, retains ownership of the policy expirations and client lists.

Table 1. Record
Identifier	MLC-T-INS-001383
Field	Insurance and risk management

Record as JSON

{
  "id": "MLC-T-INS-001383",
  "term": "Exclusive agency system",
  "field": "Insurance and risk management",
  "definition": "A distribution model where agents, known as captive agents, represent and sell insurance products for a single insurer or a group of affiliated insurers. These agents are independent contractors but are contractually obligated to work exclusively for one company. The insurer provides administrative support, training, and an established brand, and in return, retains ownership of the policy expirations and client lists.",
  "url": "https://mlchart.com/terminology/insurance/exclusive-agency-system/"
}

Record 1,229 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.