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Simple English definitions for legal terms
recording agent
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A quick definition of recording agent:
A recording agent is someone who is authorized by an insurance company to sell its insurance policies. They are also known as insurance agents or producers. A general agent has the power to make insurance contracts on behalf of an insurer, while a special agent's powers are usually limited to soliciting applications for insurance, taking initial premiums, and delivering policies when issued.
A more thorough explanation:
A recording agent is a type of insurance agent who is authorized by an insurance company to sell its insurance policies. They are also known as insurance agents or producers.
- General Agent: An agent with the power to make insurance contracts on behalf of an insurer.
- Special Agent: An agent whose powers are usually limited to soliciting applications for insurance, taking initial premiums, and delivering policies when issued.
For example, a recording agent may work for an insurance company and sell policies to customers. They may have the power to make contracts on behalf of the insurer or may be limited to soliciting applications and delivering policies.