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LSDefine
Simple English definitions for legal terms
soliciting agent
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A quick definition of soliciting agent:
A soliciting agent is someone who tries to get people to buy things or use services from a company. They might go door-to-door or make phone calls to try to convince people to buy something. They don't have the power to make deals for the company, but they can help get new customers.A more thorough explanation:
A soliciting agent is an agent who solicits orders for goods or services for a principal. They may have limited authority relating to the solicitation or submission of applications to an insurance company but usually without authority to bind the insurer, as by accepting the applications on behalf of the company. They may also be a managing agent of a corporation for purposes of service of process.
- A salesperson who goes door-to-door selling products for a company is a soliciting agent.
- An insurance agent who solicits potential clients to buy insurance policies is a soliciting agent.
- A managing agent of a corporation who is responsible for soliciting new business is also a soliciting agent.
These examples illustrate how a soliciting agent is someone who actively seeks out potential customers or clients for a principal, whether it be a company or corporation. They are responsible for generating new business and increasing sales for their principal.