captive agent insurance industry

Captive agents are insurance sales agents who work exclusively for one insurance company. Such insurance and reinsurance shall be limited to the risks hazards and liabilities of its.

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NC Department of Insurance 1201 Mail Service Center Raleigh NC 27699-1201.

. Independent insurance agents work for insurance brokerages selling the policies of several companies. An Insurance Agent makes an average of 60133 per year. Salary may depend on level of experience education and the geographical location.

A captive agent is an agent that only sells for one insurance company while an independent insurance agent usually works for an agency that sells insurance products for more than one company. Insurance agents may work for a single insurance company or an insurance brokerage. Find information from the Office of the Insurance Commissioner about company rates agents complaint history sales mergers and financial examinations.

Agents who work for direct health and medical insurance carriers tend to make more than other agents. Insurance Agent education and training requirements. Albemarle Building 325 N.

To be an insurance agent youll need a minimum of a high school diploma or GED as well as an. A captive insurance company should not be confused with a captive insurance agent who is an insurance agent who only works for one insurance company and who is restricted from selling competitors. The salary for insurance agents varies depending on the industry in which the agent is working and their geographic location.

They can only sell policies provided by the company that employs them. At the end of the day you want to make sure that that you have the most valuable coverage at the most affordable price. Contact NCDOI Employee Directory Careers at NCDOI Calendar.

Some Insurance Agents may pursue an associates or bachelors. Any domestic insurance company licensed under the provisions of this article for the purpose of making insurance and reinsurance including any company organized under the federal Liability Risk Retention Act of 1986 as amended 15 USC. Salisbury Street Raleigh NC 27603-5926.

A minimum of a high school diploma is often required to work as an Insurance Agent. Buying your insurance policy with a trusted. North Carolina Department of Insurance.

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