What is a certified insurance agent?
In the United States, Certified Insurance Counselor (CIC) is an insurance agent professional certification designation. The CIC certification program was started by the National Alliance for Insurance Education & Research in Austin, Texas in 1969.
What are the types of insurance agents?
There are two types of insurance agents:
- Captive Agents. Captive agents work for one insurance company either full-time or as independent contractors.
- Independent Agents.
- Retail Brokers.
- Wholesale Brokers.
- Surplus Lines Brokers.
Who is called as an agent?
An agent, in legal terminology, is a person who has been legally empowered to act on behalf of another person or an entity. An agent may be employed to represent a client in negotiations and other dealings with third parties. The person represented by the agent in these scenarios is called the principal.
What does an insurance agent do on a daily basis?
Taking care of existing clients’ policy renewals. Maintaining and updating customer records. Helping policyholders settle their pending claims or sort out issues with their insurance.
What are the duties of an insurance agent?
An Insurance Agent, or Insurance Account Manager, sells and manages insurance policies on behalf of an insurance company. Their duties include attracting new clients and answering their questions, helping clients choose the best policy and making sure all legal requirements are met.
What does it mean to be an insurance agent?
An insurance agent is a professional who sells an insurance company’s products to consumers for a commission. To sell insurance, an agent helps consumers select the right insurance to buy, but represents the insurance company in the transaction. There are two types of insurance agents: Captive agents typically represent only one insurer.
How can you tell if an insurance agent is legit?
Ask the agent for his insurance license number. If he or she does not have a license number, it is an indication that he is not legit. Visit the Department of Insurance website for the state the agent is doing business in. Select the option to perform an agent search or license search. The exact wording will vary by state.
What are the different types of insurance agents?
An agent helps consumers select the right insurance to buy, but represents the insurance company in the transaction. There are two types of insurance agents: Captive agents typically represent only one insurer. Independent insurance agents typically represent more than one insurer.
What’s the difference between an agent and a broker?
Agent and Broker (Health Insurance) A trained insurance professional who can help you enroll in a health insurance plan. Agents may work for a single health insurance company; brokers may represent several companies. You won’t pay anything additional if you enroll with an agent or broker.